BHIM Axis Pay UPI App

BHIM Axis Pay is a UPI App with which you can send or receive
money securely & instantly with your UPI ID

BHIM Axis Pay is a UPI App with which you can send or receive money securely & instantly with your UPI ID

BHIM Axis Pay UPI App

About BHIM Axis Pay UPI App

In the recent months following the demonetization drive, many of our day-to-day activities that are dependent on cash have got affected. Introducing Introducing BHIM Axis Pay UPI (United Payment Interface) App, an easy to use app with which you can link any bank account to send or receive payments instantly and securely, with just your name. Be it the fee for your child’s tuition, payment to a wedding decorator or to that contractor who needs to be paid for your house renovation,the BHIM Axis Pay UPI App ensures that life must go on.

Get started:

Sender & receiver to download BHIM Axis Pay UPI App from Google Playstore or Apple Store.
Select your Bank and Bank account.
Create a Virtual Payment Address ( VPA)/ UPI ID (example – name@axisbank).
Link your Bank account to UPI ID.
Send & receive secure payments instantly
Select Axis Bank customers can now avail an Instant Neo Credit Card on BHIM Axis Pay
- Steps to avail Instant credit card :
  1. Download Axis Pay app from Google Play store
  2. Link your Axis Bank account -> Click on Side menu of the app to apply for Instant Neo Credit Card

What is UPI - Unified Payment Interface?

UPI stands for Unified Payments Interface (UPI) which is a platform provided by NPCI to facilitate inter-operability amongst various banks. It’s a one stop solution for multiple bank accounts , one app. It allows all account holders to send and receive money using their smartphones with a single identifier – virtual payments address ( VPA) / UPI ID – without entering any bank account information. Therefore, customers do not need to know the payee's or payer’s IFS code, bank account details, etc. and this makes the process simpler.

How UPI Works?

Is UPI Secured?

What are the charges in UPI?

What is Virtual Payment Address (VPA)/ UPI ID?

How is UPI different from Mobile Wallets?

There is no concept of loading in UPI. It’s direct account to account transfer using VPA/ UPI ID. There are no txn charges on Axis Pay.A Wallet usually charges anything between 1 to 4 % for reversal of money from wallet to account. In UPI, money resides within the account itself, hence there is no scope of reversal as well as loading. Daily txn limit is 1 lakh which is higher than any wallet and it is inter-operable across any UPI app. Awallet is not inter-operable with any other. Sender and receiver party has to have the same wallet to transfer funds. Through UPI, sender and receiving party can choose to have any UPI app available today.

To know Difference between NEFT, IMPS and UPI. Click here.

Parameters	NEFT	IMPS	UPI
Transaction initiation point	Must be initiated from the Sender/Remitter bank's app	Must be initiated from the Sender/Remitter bank's app	Can be initiated from any bank's UPI app to debit the chosen Sender/Remitter bank account
Types of transfers possible	Only push transfers or payment transactions possible	Only push transfers or payment transactions possible	Both push & pull transfers possible i.e. both Payment & Collect transactions possible
Beneficiary details needed	Need Beneficiary bank account details such as IFS code & Account Number	Need Beneficiary Mobile phone number and the MMID for the specific account or Account Number and IFC Code	Need only the Beneficiary UPI ID!
Beneficiary addition	Pre-addition & bank approval of NEFT Beneficiary needed before transfer can be done	Pre-addition & bank approval of IMPS Beneficiary needed before transfer can be done(except for a few banks)	No pre-addition or approval of Beneficiary required;one can simply transfer to Beneficiary UPI ID
Complexity of transfer details	The IFS Codes being bank & branch specific are particularly inconvenient to use	The MMIDs being bank issued & different for each account, are difficult to remember The IFS Codes being bank & branch specific are particularly inconvenient to use	The UPI ID is user-generated,so easy to remember!
Speed of transfer	Batch processed at pre-set NEFT timings	Instantaneous,real-time	Instantaneous,real-time
2FA(Two factor Authentication)	First factor: Bank specific Internet/Mobile Banking Login ID & password	First factor: Bank specific Internet/Mobile Banking Login ID & password	First factor: First factor is device hardbinding where device ID and SIM(mobile number) combination is stored. User can use UPI app installed only from his device which has his registered mobile number with bank
2FA(Two factor Authentication)	Second Factor: OTP and/or Transaction Password/Debit Card Grid	Second Factor: OTP and/or Transaction Password/Debit Card Grid	Second Factor: A user selected 4- or 6-digit M-PIN;no more waiting for OTP or fetching your Debit Card for grid values!
Per transaction limit	Rs 10 lakhs	Rs 10,000 using MMID and mobile Number;higher for transfers using IFS Code & Account number	Currently Rs 1 lakh

An axis ok which is
easy on your pocket

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Progress with us Blog

How do I transfer money to another person who doesn’t have an Axis Bank account?

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BHIM Axis Pay UPI App

About BHIM Axis Pay UPI App

Get started:

An axis ok which is easy on your pocket

Important Links

Safe Banking Practices

Contact Axis Bank

Progress with us Blog

How do I transfer money to another person who doesn’t have an Axis Bank account?

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An axis ok which is
easy on your pocket