Groww Integrates UPI Feature in Broking Platform for Convenient Payments

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Groww, a Bangalore-based financial institution, has integrated the UPI feature of its brokerage platform with a “payout” feature, according to Inc42.

The integration is supported by NPCI (National Payments Corporation of India), along with various billers through the Bharat Bill Payment system. The movement is focused on getting the public onto the platform as the market tends to crash.

Groww has made the Unified Payments Interface (UPI) available to allow peer-to-peer payments for users and merchants through the platform. Users can scan merchant QR codes to initiate payment.

The payment feature can be used to pay off loans or credit card bills, recharge purposes, pay electricity and more.