Zomato Temporarily Halts New s on Its UPI Platform to Incorporate 4g2l2v Technology News

Zomato launched its own Zomato UPI service in partnership with ICICI Bank, all ready to take on Google Pay and PhonePe, in May this year. u6o6w

By Press Trust of India | Updated: 13 July 2023 22:43 IST

Zomato Temporarily Halts New s on Its UPI Platform to Incorporate

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) 2u4o6q

Highlights

Zomato said it will start enrolling new s on the app by end of month
The service facilitates transfer of money directly from the 's phones
Some of top UPI service in the country are Google Pay, Paytm and PhonePe

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Food delivery platform Unified Payments Interface it rolled out in May to incorporate .

The company said it will start enrolling new s on the app by the end of the month.

In May this year, the Gurugram-based firm launched Unified Payments Interface (UPI) services for some s in the country in partnership with ICICI Bank.

"The UPI offering has been temporarily paused for new onboarding, only to incorporate received on the onboarding flow. We will start enrolling new s by the end of the month," a Zomato spokesperson said.

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI).

The service facilitates transfer of money directly from the 's phones using a UPI PIN on ing apps. Some of the top players offering UPI service in the country are PhonePe.

Zomato launched its own Zomato UPI service in partnership with ICICI Bank, all ready to take on Google Pay and PhonePe, in May this year. The aim was to make online payments more seamless with Zomato UPI by giving s an option of using the facility without doing KYC.

To use the Zomato UPI, s need to create their UPI ID on the Zomato app. "UPI Facility offers an instant, 24X7, interbank electronic fund transfer or fund collection service to the s of UPI member banks. ICICI Bank will provide a mobile application to the s which will use the NPCI UPI libraries facilitating payments," said Zomato in a release at the time.

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