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FundsIndia Joins Hands with YES BANK to Launch UPI Service on Mobile
December 18, 2017
Mutual fund distributor FundsIndia has inked a pact with private sector YES BANK to launch a Unified Payments Interface (UPI) on its smartphone app that will allow its users to make mutual fund payments.
With the partnership, FundsIndia becomes the first online mutual fund distributor to offer UPI support which is faster than other traditional methods like NEFT.
FundsIndia co-founder and COO Srikant Meenakshi said that the launch “marks a significant milestone”. He also said with UPI, a customer won’t have to leave the app for making payments, which makes the process safer and faster.
