Good news for crypto investors, UPI transfer facility back on CoinSwitch

CryptoKitties (symbolic photo)

CryptoKitties (symbolic photo)

The Unified Payments Interface (UPI) payment option has now been enabled for the users on the CoinSwitch Kuber platform.

New Delhi. If you invest in Cryptocurrency then there is good news for you. Actually, if you are using CoinSwitch Kuber platform to buy and sell cryptocurrency Bitcoin or Crypto Coins then Unified Payments Interface i.e. UPI (Unified Payments Interface) payment option is now available to users. is enabled for. Now users can deposit money in CoinSwitch account using UPI ID.

The UPI feature is back after weeks of trouble for cryptocurrency trading apps. It got limited support from banks. Recently Paytm Payments Bank also decided to stop banking support for the cryptocurrency exchange. Cryptocurrency exchanges like WazirX, ZebPay, CoinSwitch were using Paytm’s payment bank platform for transactions. CoinSwitch switched to IDFC Bank service for money transfer in in-app wallet after Paytm Bank discontinued banking support.

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Currently, the CoinSwitch platform offers bank transfer and UPI as a way to add money to the in-app wallet to buy crypto coins. Google Pay, PhonePe, BHIM and Paytm UPI are listed as payment apps on the platform. If you select the UPI option, you will be taken to a screen where you will need to enter your UPI ID (usually something like [email protected]). After which you will be asked to open the respective UPI payment app to accept and complete the payment. You can then return to the Coinswitch app screen and the payment receipt status will be updated in a few seconds.Also read- Tips and Tricks: Information about PNB account balance will be given, give missed call on this number

What is UPI

3619663.html”>Unified Payments Interface/UPI is a real time payment system which can transfer money instantly to bank account through mobile app. Through UPI you can transfer one bank account to multiple UPI apps At the same time, multiple bank accounts can be operated through a single UPI app.

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