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Business EconomyPosted at: Jun 10 2022 4:27PM


XPay.Life launches India's first blockchain-enabled UPI services

Bengaluru, June 10 (UNI) XPay.Life on Friday commemorated its third anniversary by launching India's first blockchain-enabled UPI services.
XPay.Life is working closely with the Regional Rural Banks (RRBs) and District Co-operative Central Banks (DCCBs) to aid them bank better and enable true financial inclusion of the rural populace with security and no disruption, Company Founder and CEO Rohit Kumar told reporters here.
XPay.Life is pioneering in making financial facilities accessible for the people especially of the rural areas who need financial support the most, he stated.
With the launch of its UPI services, all of XPay.Life’s 4 million consumers across 15 plus states, in over 1 lakh villages will get an opportunity to step-up their access to financial facilities, Company Founder and CEO Rohit Kumar said.
XPay.Life's aim is to make the rural infrastructure witness advancement with the sought-over services that the company is delivering and envisioning to provide, he said.
XPay.Life will be bringing many such advanced services for the rural populace in the near future and is looking forward to strengthening the financial ecosystem of India as a whole, Kumar said.
The fintech company along with NABARD, NPCI and the state government is working to assure the vision of strengthening banks and digitization of payments comes into reality by enabling the last mile link of RRBs and DCCBs, he said.
XPay.Life’s inception was marked amidst the tough times of the pandemic where it not only stood strong as a covid-profitable organisation but also successfully retained its talent, blooming into an employer of choice for all its current and prospective employees, Kumar said.
"We are excited about our UPI services and we aim to simplify payments and make financial transactions for the general public smooth. Along with our partners and technology we aim to truly digitise various financial offerings and strengthen the Indian financial sector especially that of rural India," XPay.Life Chief Sales Officer Karthik Kaladhar said.
XPay.Life is a one stop destination for digital payment solutions.
The firm's USP is Utility Bill Payment through its ATP Kiosk, PoS machines and Mobile Van where cash payment is accepted along with credit/debit cards, UPI, Net Banking, Internet banking etc.
XPay.Life’s major focus has been to reach out to unbanked and financially excluded customers of India; especially those in rural India.
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