NPCI rolls out mobile platform in India

Rolled out NUUP

The National Payment Corporation of India (NPCI) has rolled out National Unified USSD platform (NUUP) based mobile banking services to boost IMPS based transactions. The service is currently available on MTNL and BSNL telecom operators and a number of banks including Andhra Bank, State Bank of Bikaner & JaipurAllahabad Bank, State Bank of HyderabadBank of Baroda, State Bank of India and Bank of India. NPCI plans to eventually roll out the service on other telecom operators.  The service is USSD based which means it will work only with GSM telecom operators and not with CDMA.

To access the service users dial a *99# short code on their handset, which allows every banking customer to access banking services with a single number across all banks regardless of the telecom service provider, mobile handset make or the region. When using NUUP for the first time, users will be asked to enter a seven digit Mobile Money Identifier code (MMID) issued by the bank upon registration. This links the customer’s bank account with their mobile number.

Users can perform Interbank Mobile Payment Service (IMPS) fund transfer through the service with a daily transaction limit of Rs.5,000 per customer. Although NPCI is currently paying 25paise for each transaction to telecommunication companies, the service is free to use for customers. 

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