India is going through a digital financial revolution, and UPI payment app are leading it. This has put India on the world map for accessible instant payment apps. One of the main features of these apps is scan and pay, making it widely accessible and hugely accepted by everyone from 5-Star Hotels to the tea stall on the road. Stashfin is at the forefront of this revolution by offering the functionalities of UPI along with the benefits of its Line of Credit. Users can link their bank accounts to the Stashfin mobile app, and users who have applied for Stashfin’s LOC will get access to up to Rs. 10 Lakhs to make payments through scan and pay. What is Scan and Pay? Scan and Pay is a convenient and secure digital payment method that allows users to make payments by scanning a QR code using a mobile payment app. It eliminates the need for physical cash, cards, or manual entry of payment details. It is predominantly used in UPI-based transactions, which allow instant real-time interbank person-to-person or person-to-merchant transactions. UPI’s popularity has soared with the pandemic, clocking over 74.05 billion transactions in volume and ₹126 trillion in value, with its transactions volume and value almost doubling since 2021, as per a recent report. It is so revolutionary that India is now exporting it to other G20 countries, with almost 30 countries already adopting UPI as a payment method. But this has also been made possible partly due to scan and pay functionality. Why use Scan and Pay? Scan and Pay, along with UPI, offers unmatched interoperability and convenience. UPI apps in India have made inter-bank transfers easy and quick and has also boosted financial inclusion in the country, allowing anyone and everyone to use its functionalities. This interoperability has made UPI wallets an excellent choice for most people as it allows people to make small cashless payments without having to access their bank every time. This has helped make digital wallets that were not widely used or accepted due to being semi-closed and requiring people to have multiple wallet apps to pay and receive money a viable option for most people. It also adds an extra layer of security as it will enable you to carry a preloaded sum of money which can protect you in case someone gets access to your phone. How to use Scan and Pay for UPI payment? Making UPI payments using Scan and Pay is very simple. All you need to do is add your Bank account to the Stashfin Mobile app and select the Scan and Pay option. UPI payment apps in India activate the smartphone's camera, allowing the user to scan a QR code displayed at the merchant's store or on an invoice. You can then select the payment method, whether you want to pay through your bank or card or want to avail of our line of credit. You can then verify the payment details, such as the recipient's name and the payment amount. After which, you can just confirm the transaction using the UPI pin. The money will then be securely transferred to the recipient's bank account. This can be done within 30 seconds, and the money is instantly transferred, making UPI quick and convenient for users. Conclusion Scan to pay is thus leading the digital payments revolution in India by making convenience and accessibility its key features marking its spot firmly in the financial space. And integrating the functionality of line of credit to instant payments using UPI will further revolutionize this space with easy credit availability and allow people to make the choices they haven’t been able to do so yet. Enabling them to avail greater financial independence.