BHIM Baroda Pay with UPI 2.0 launched: Check key features, benefits

Bank of Baroda has launched an upgraded version of the Unified Payments Interface of (UPI), UPI 2.0. The new version boasts of wide-ranging services with easier authentication process. Murali Ramaswami, Executive Director, Bank of Baroda said: “The upgraded version brings a plethora of facilities for our customers. With the payment ecosystem moving towards a digital one, features like One-Time Mandate, which is one of the most talked about features due to its importance in applying of IPO will go a long way in catering to the ever-growing customer needs. With the advent of this upgraded version, Bank will also comply with the guidelines deliberated by NPCI to all member banks in the matter”.

Praveena Rai, COO, NPCI said, “It is an immense pleasure witnessing UPI 2.0 being made available to the large customer base of BOB. We believe, with added features in UPI 2.0, customers will not only avail multiple benefits but also significantly contribute towards driving rapid growth in digital payments.”