Information has been revealed about UPI (Unified Payments Interface) based payments support in PaySa, a financial service platform developed by Realme.
The teaser of UPI (Unified Payments Interface) based payments support has been released in PaySa, a financial service platform developed by Realme. Realme India CEO Madhav Seth has posted an image detailing the internal testing of UPI payment transfer through the Realme PaySa app.
From this, it can be guessed that Realme PaySa can be launched soon to compete with Google Pay, Paytm and Xiaomi’s Mi Pay. This app was launched in December to give micro loans to users from 8,000 to 1 lakh rupees.
A photo has been posted on Twitter by Madhav Seth. In this, an UPI based transaction is visible through the Reality PaySa app. It is also expected from this image that Realme has partnered with HDFC Bank for this new service. Currently, nothing has been said about when this feature will be released. However, Madhav Seth has mentions that UPI based payments support is currently in testing phase and it will be released to all users soon.
The Realme PaySa app was launched with the objective of making transactions easier for both individual users and small and medium enterprises (SMEs) in India. For this, the Chinese company partnered with Finco, an Oppo-owned fintech startup. Many more services are offered through this app, including personal loans. In this, credit report is also made available through Credit Minister. However, now it seems that the company wants to go beyond credit and wants to attract more and more people by paying UPI based payment.
