Lava launches cellular funds for characteristic telephones with out web

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Home cellular model Lava has launched a brand new service for options in India that permit customers to switch through UPI with out web. Dubbed because the Lava Pay, the app will come pre-installed in all Lava characteristic telephones. To get the identical on current Lava telephones, customers might want to go to a Lava service centre.
The Lava Pay app comes with a easy UPI interface and customers might want to enter the cellular variety of the receiver to switch cash and confirm the transaction with their UPI pin. The app may also permit customers to examine checking account steadiness.
“India has roughly 500 million characteristic cellphone customers, nonetheless, most of those customers nonetheless do offline monetary transactions for lack of web connectivity on their telephones. Lava Pay is the primary resolution for digital monetary transactions with out the requirement of web connectivity. The absolutely safe Lava app with a quite simple UI for ease of transactions is aimed toward empowering characteristic cellphone customers by eliminating the necessity of carrying money on a regular basis. We’re hopeful that this non-internet cost resolution will probably be well-accepted out there and alter the way in which characteristic telephones customers conduct,” mentioned Tejinder Singh, head-product, Lava Worldwide.
For these unaware, characteristic cellphone customers can do UPI transactions by dialing *99#. The *99# is a USSD based mostly banking service which was first launched in 2012 for MTNL and BSNL subscribers solely. Later in 2016, after NPCI launched the Unified Funds Interface, the *99# USSD service was prolonged to all characteristic telephones as nicely smartphones throughout India.
The *99# USSD banking service can be utilized to ship cash through the use of UPI ID or Aadhaar quantity or Account quantity with IFSC code. It may also be used to request cash utilizing UPI ID or cellular quantity.

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