Realme PaySa will give competition to BHIM, Google Pay, Paytm with the help of this feature

Realme PaySa is the company’s financial services platform and now the company has teased that this platform will support Unified Payment Interface i.e. UPI. Realme India CEO Madhav Sheth tweeted and shared an image, which shows the internal testing of UPI payment transfer on Realme PaySa app. After Google Pay, Paytm and Xiaomi’s Mi Pay, it now seems that Realme also wants to try its hand in this space by adding UPI on the Realme Pesa app. The company had launched this app in December last year and through it the company was giving loans ranging from Rs 8,000 to Rs 1 lakh to the users.

The image posted by Madhav Sheth shows a UPI based transaction in Realme PaySa. It is also revealed that Realme has partnered with HDFC Bank for this.

However, at present the company has not shared any information on the rollout of this feature. Seth has informed that UPI based payment is currently in the testing phase and it will be released to users “soon”.

The realme Pesa app was launched to ease transactions between users and small and medium enterprises (SMEs) in India. Backed by Oppo-owned fintech startup FinShell, the app offers lending services, screen insurance and personal loans. This app also gives credit report through CreditMantri. All these features make the Realme PaySa app an attractive alternative against Xiaomi’s Mi Credit.

Although realme Now it is preparing to present its app as a payment app instead of just credit and for this, efforts are being made to add UPI payment support in this app. If this happens, it will compete directly with Google Pay, Paytm and Mi Pay, which are the most popular UPI payment apps in India at the moment.