- First Brokerage House to introduce UPI service for client convenience
- Over 1 million clients to benefit
With the new-age digital payments in India, Angel Broking, India’s leading retail broking firm has taken a huge step towards introducing digital payments while investing in the stock market. Unified Payments Interface (UPI) enables customers to transfer money from their smartphones without the need to enter bank account information or net banking user id/ password. Angel Broking’s 1 million clients will be immediate beneficiaries of this seamless process.
Talking about the incorporation of UPI in the new version of Angel Broking App, Mr. Vivek Shukla, Assistant Director & Head of Product, Angel Broking said, “We have always been on the forefront to ensure advantages of latest technology reaches retail investor and now with the introduction of UPI, we have further enhanced customer experience. The traction we see on the growth of revenue from mobile is phenomenal and this convenience will help us grow even faster.”
- UPI allows clients to pay from up to 46 banks
- Client registration for UPI is also integrated within the app as it takes just a few seconds
- Trading limits are updated instantly on using the UPI option
UPI feature in Angel Broking Mobile APP is currently available on Android Platform and will soon be extended to iOS as well.
About Unified Payments Interface (UPI):
Unified Payment Interface is an initiative by National Payments Corporation of India’s (NPCI), set up with the support of the Reserve Bank of India and Indian Banks Association (IBA). The NPCI operates the Rupay payments infrastructure that – like Visa and MasterCard – allows different banks to interconnect and transfer funds.
About Angel Broking:
Angel Broking Pvt. Ltd., is today one of the leading Indian stock broking houses, with a focus on retail business and a commitment to provide “real value for money” to its clients. The Angel Broking Group is a member of the BSE, NSE and the country’s two leading commodity exchanges, the NCDEX and MCX. Angel Broking provides a wide range of personalized wealth management and investment services to its retail clients. These include Stock and Commodity Trading, Portfolio Advisory and Management Services, Investment Advisory Services, Distribution of Mutual Funds, IPOs, Personal Loans and Insurance, as well as E-broking & Depository services – all supported by intensive research and a six sigma-backed Quality.
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