5 mins
23 November 2024
"What is NUUP and How Does It Work
NUUP, or National Unified USSD Platform, is a mobile banking service that allows users to conduct financial and non-financial transactions without an Internet connection. Operated by the National Payments Corporation of India (NPCI), it utilises USSD technology, making it accessible on basic mobile phones. Users can access the service by dialling *99#, which prompts an interactive menu.
This platform supports balance inquiries, fund transfers, and mini statements. To use financial services, users must register for mobile banking and use their MPIN for authentication. NUUP aims to enhance financial inclusion by providing easy access to banking services across various telecom networks.
Features of the NUUP (National Unified USSD Payments) system
1. Dial *99#: Start by dialling the USSD code from your registered mobile number.
2. Select language: Choose your preferred language from the options provided.
3. Enter bank details: Input your bank's IFSC code or select your bank from the list.
4. Choose transaction type: Follow the prompts to select balance inquiry or fund transfer.
5. Authenticate with MPIN: For financial transactions, enter your MPIN for security.
Conclusion
In conclusion, NUUP revolutionises mobile banking in India by enabling users to perform essential banking tasks without Internet access. Its simplicity and accessibility make it a vital tool for enhancing financial inclusion.
By bridging the gap between technology and traditional banking, NUUP empowers millions to manage their finances effectively.
NUUP, or National Unified USSD Platform, is a mobile banking service that allows users to conduct financial and non-financial transactions without an Internet connection. Operated by the National Payments Corporation of India (NPCI), it utilises USSD technology, making it accessible on basic mobile phones. Users can access the service by dialling *99#, which prompts an interactive menu.
This platform supports balance inquiries, fund transfers, and mini statements. To use financial services, users must register for mobile banking and use their MPIN for authentication. NUUP aims to enhance financial inclusion by providing easy access to banking services across various telecom networks.
Features of the NUUP (National Unified USSD Payments) system
- USSD based: Accessible via *99# on any GSM mobile phone.
- No Internet required: Works without data connectivity.
- 24/7 availability: Functional anytime, including holidays.
- Multilingual support: Available in 11 languages.
- Financial services: Fund transfers, balance checks, and mini statements.
- Non-financial services: MMID generation and account inquiries.
- Secure transactions: Uses MPIN for authentication.
- Accessibility: Available on basic mobile phones.
- Convenience: Quick access to banking services without apps.
- Cost-effective: Low transaction fees set by TRAI.
- Financial inclusion: Reaches underserved populations without internet access.
- Real-time transactions: Immediate processing of fund transfers.
- User-friendly: Simple menu-driven interface.
1. Dial *99#: Start by dialling the USSD code from your registered mobile number.
2. Select language: Choose your preferred language from the options provided.
3. Enter bank details: Input your bank's IFSC code or select your bank from the list.
4. Choose transaction type: Follow the prompts to select balance inquiry or fund transfer.
5. Authenticate with MPIN: For financial transactions, enter your MPIN for security.
Conclusion
In conclusion, NUUP revolutionises mobile banking in India by enabling users to perform essential banking tasks without Internet access. Its simplicity and accessibility make it a vital tool for enhancing financial inclusion.
By bridging the gap between technology and traditional banking, NUUP empowers millions to manage their finances effectively.
