Experience UPI with digibank – one app for all your bank accounts
UPI on digibank enables you to manage all your bank accounts from one single app, you send and receive money using a virtual payment address (VPA – yourname@dbs ) (UPI ID – yourname@dbs ) without any other account information. No need to disclose or remember account details, passwords anymore.
As always it’s simpler and safer with digibank.
Features and Benefits
Send and receive money instantly
Make or collect payments with a Virtual Payments Address.
Make payment to merchant
You can use UPI to pay merchants who use it as a payment option.
Safe & Secure
UPI's two-factor authentication makes it a safe and secure payment option.
You can send or receive money 24*7, even on public/bank holidays.
Unified Payments Interface (UPI) is an instant payments system developed by NPCI. It lets you make bank account-to-account transfers instantly with a single identifier ‘Virtual Payment address’. And you needn’t enter any additional bank account information.
With UPI on the digibank app, there’s a lot you can do! You can make and receive payments using your Virtual Payment Address (VPA) instead of the account number. You can also use your digibank app to manage all your bank accounts held with other banks with UPI. This means that all you need for your daily banking needs is the digibank app! How cool is that?
Like IMPS, UPI is also available 24x7 including Sundays and public/bank holidays. In the case of UPI, you needn’t remember any bank account information. You simply need the other individual or merchant’s Virtual Payment Address (VPA).
Virtual Payment Address (VPA) is an identifier that takes a form of abc@dbs where "abc" is a unique name that you can choose for yourself. @dbs is the handle that identifies the digibank app. This VPA is uniquely mapped to your bank account. Using the digibank app, you can create any number of virtual addresses linked to various bank accounts that you may hold.
To register your mobile number, there will be an SMS sent from your mobile number to digibank. Don’t worry, you won’t need to type out any SMS – you will simply need to grant us permission to send an SMS from your mobile number to digibank! The charges applicable for the registration SMS will be as per your tariff plan with the telecom service provider.
300%. UPI is one of the safest modes to pay as your account number is secure and only your VPA is shared. Additionally, all payments made through the digibank application using your digibank account are authenticated, first through your app log in and then by an in-built soft token on your device. For payments made through non-DBS accounts, you also enter the UPI PIN to authorise any transaction. So, it’s thrice as safe.