UPI123Pay launched by the government, how it helps small people to transfer money

 What is UPI123Pay launched by the government, how it helps small people to transfer money, find out the whole process .Make UPI transfers or do mobile recharges, bills and payments to businesses with your bank account with Google Pay, a simple and secure payments app by Google.Join crores of Indians who are using Google Pay for all their payment needs. Refer friends, get the latest offers and earn rewards as you pay.All you need to do is link your bank account on this app with your registered mobile number and start the experience.

What is UPI123Pay launched by the government, how it helps small people to transfer money, find out the whole process

UPI ID is a unique ID that is used to make UPI payments in place of bank account details.UPI PIN is similar to your Debit Card PIN, a 4 or 6 digit number which needs to be set by you while creating your UPI ID. Please don’t share your PIN.BHIM Axis Pay is a UPI banking app that enables you to do UPI Payments, instant money transfers, Mobile Recharges & DTH Recharges. Download the BHIM Axis Pay UPI app today!


What is a BHIM UPI App?

Unified Payments Interface (UPI) is a payment system created by NPCI. UPI Banking App allows you to make money transfers by simply entering your UPI ID (also known as a Virtual Payment Address or VPA) instead of having to remember your bank account and IFSC details. For example, a UPI ID for BHIM Axis Pay UPI banking app can be yourname@axisbank or mobilenumber@axisbank etc. which is easy to remember. Once linked, just quote your UPI ID instead of your bank account number and branch IFSC code for instant money transfers.

What BHIM Axis Pay has in store for you:


Multiple layers of security from your bank and Google

Your hard-earned money is kept safely in your bank account and you have control over money leaving your bank account*. With a world-class security system that helps detect fraud and hacking, we are committed to keeping your money safe and we work with your bank to protect your payment information.

Each transaction is secured with your UPI PIN, and you can safeguard your account with a device lock method such as your fingerprint.


*Google Pay works with all banks in India that support BHIM UPI.

+ Conveniently pay DTH, broadband, electricity, FASTag, LPG bills and more

You only need to link your biller accounts once, we remind you thereon to pay your bill with just a few taps. Google Pay works with billers across the country.

+ Find the latest prepaid recharge plans and easily recharge your mobile plan

Recharge any prepaid mobile in fewer steps and at zero cost. Find the best and latest recharge plans as well as repeat recharge in one tap.

+ Check your bank account balance

No need to visit the ATM to see your bank balance, quickly view it anytime, easily.

+ Get rewarded

Refer friends, get offers and earn cash rewards into your bank account as you pay.

+ QR code payments

Pay through the QR code scanner at your favorite offline shops and merchants.

+ Book flights, bus, train tickets, shop online and order meals

Order your favorite food and book your travel easily within the app or on partner websites and apps. Partners include Zomato, redBus, MakeMyTrip etc.

+ Fast & secure payments with your debit and credit cards

Add and link your debit and credit cards** on Google Pay and use them for:

– Online payments (mobile recharges or with online apps like Myntra).

– Offline payments (at offline shops by tapping your phone on NFC terminals)

**Service is rolling out across bank issuers and card network providers.

+ Buy, sell, and earn 24K Gold

Trade gold securely with rates backed by MMTC-PAMP. Gold is securely deposited in your Gold Locker on Google Pay, or delivered as gold coins to your home. New! You can now earn gold as Google Pay rewards.

+ Send money directly from your bank account to any bank account, including those who are not on Google Pay, via UPI transfers

Using NPCI’s (National Payments Corporation of India) BHIM Unified Payments Interface (BHIM UPI), money transfers are simple & secure with Google Pay.

+ Provide loans

– Period for repayment: 3-48 months

– Maximum Annual Percentage Rate (APR): 34%

– Processing Fee: 1.5-2.5% of loan amount

Example: For loan amount INR 100000, tenure 12 months:, processing fee 2% , interest 15%. Processing fee is deducted from the loan amount and disbursed: loan amount INR 100000 , processing fee 2%, INR 2000. Actual loan disbursed is INR 98000, interest for 12 months (15%) is INR 8310. User pays off INR 108310.

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