Sun. Jul 21st, 2024

10th October 2023, Mumbai: Federal Bank is delighted to announce a groundbreaking development that enhances banking convenience for its NRI clients. The Bank has launched UPI (Unified Payments Interface) integration for NRE clients through its mobile banking platform, FedMobile.

Traditionally, NRE clients have faced challenges when it comes to making payments to merchants, especially in tier 2 and tier 3 cities where POS (Point of Sale) machines may not be readily available. Federal Bank, in its continuous pursuit of providing cutting-edge solutions, has now bridged this gap with the introduction of UPI for NRIs on FedMobile.

Shalini Warrier, Executive Director, of Federal Bank, remarked, “UPI has become synonymous with payments in India and in many countries worldwide. The Indian diaspora should not, in our view, be deprived of the benefits of this unique payment capability. The introduction of UPI for NRIs on FedMobile will enable our valued NR customers to transact seamlessly. We believe this will further strengthen our commitment to “Digital at the fore, human at the core.”

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