Context:
Public sector lender Canara Bank has launched Canara ai1Pe, a new Unified Payments Interface (UPI) application aimed at enabling simple, secure, and inclusive digital payments.
About Canara ai1Pe
- A UPI-based digital payments app
- Designed for everyday transactions
- Suitable for both first-time and experienced UPI users
- Allows linking of bank accounts from any bank
Key Features of Canara ai1Pe
1. Core UPI Payment Functions
- Person-to-person (P2P) transfers
- QR-based merchant payments
- Utility bill payments
- Mobile recharges
- Real-time transaction status & history
Users can link multiple bank accounts and select the preferred account at the time of payment.
2. Security & Authentication
- Device binding ensures transactions only from the registered mobile device
- UPI PIN-based authentication for payments
- Works within the standard UPI framework currently used across the ecosystem
Users already registered on other UPI apps can start using ai1Pe without repeating full onboarding.
3. Ease of Access
- QR scan widget on the home screen
- Enables scan-and-pay without opening the app
- Reduces steps for routine transactions
4. Delegated Payments (UPI Circle)
- Supports UPI Delegate / UPI Circle feature
- Primary user can authorise family members as delegates
- Delegates can transact within a predefined monthly limit (e.g., ₹15,000)
- Primary account holder retains overall control
