Recently, it was reported that Geo is in talks with Axis Bank, ICICI Bank and SBI Bank to facilitate UPI payments on its platform. Intracar’s report claims that selected users are seeing the option of UPI payment in the MyGeo app.
The UPI option can be seen in a screenshot shared by the website inside the application. In addition to this option, the app also features other Geo services such as Geosavon, Geosima and GeoGenz.
The report further states that after registration, users will receive a VPA with @ Jio UPI handle. Looking at the screenshot, it is understood that the option of entering the bank account number to connect this UPI ID with the bank is also coming in the app. Information has also been sought from users linked to their bank account, mobile number, debit card number to get UPI PIN.
This process matches well with other UPI payment apps like Google Pay, Paytm and WhatsApp. Gadgets 360 does not confirm the veracity of the news and Geo has been contacted in this regard, but no information has been provided by the company yet.