Archive · 24 Jul 2025
Indian Bank Launches UPI App to Reduce Costs
Indian Bank, a bank in India, made its own app called IND-UPI so people can easily send money to each other.
They did this because they were spending a lot of money every month using other companies' apps.
By using their own app, they can save money and give some of it back to their customers through things like special offers.
The app is currently being tested by a small group of people, and the bank plans to add it to its regular mobile banking app later.
Indian Bank launched its UPI app, IND-UPI, to facilitate transactions.
The bank developed the app to reduce costs spent on third-party providers.
IND-UPI is currently live for a closed user group.
Indian Bank aims to save ₹150 crore by using its own UPI app.
The bank plans to integrate IND-UPI into its mobile banking app.
- Who
- Indian Bank developed IND-UPI for its customers.
- What
- Indian Bank launched IND-UPI, a UPI-based payment solution.
- When
- The app was recently launched and published on July 24, 2025.
- Where
- India.
- Why
- To save money spent on third-party providers for UPI transactions.
- Bank
- Indian Bank
- App Name
- IND-UPI
- Purpose
- UPI transactions
- Cost Savings
- ₹150 crore
- Savings per month
- ₹12 crore
- CEO
- Binod Kumar