Banking technology solutions and services firm VSoft Technologies that has developed a mobile app for the users to receive and pay money instantly is looking forward to roll out of the Unified Payment Interface by the National Payments Corporation of India.

Confident of an early launch and announcement of the transaction charges on the UPI platform, the Hyderabad company is in talks with banks to commercialise its ‘Jeb’ app. The company will announce next month banks who would be integrating Jeb on their mobile banking platform, VSoft Technologies chairman and CEO Murthy Veeraghanta said on Monday. The highlights of the app, company executives said, are its security as well ease of use features when transferring money from one account to another. The app allows users to add multiple bank accounts, view balance and transact from any account through a single platform. The users could interact with the application even through a voice command.

An alternative to cash payment, the app can be used to conduct a host of regular payments towards the purchasing groceries, paying schools fees and utility bills.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – July 27th, 2016