SpiceJet is the second Indian airline after Jet Airways to offer Unified Payments Interface (UPI) as a payment option to its customers.
The UPI payment solution has been launched by National Payment Corporation of India (NPCI) and is regulated by Reserve Bank of India (RBI). Through the UPI app, customers may initiate payment requests, and make transactions directly from their bank account via the UPI ID to different merchants. It doesn’t require card details or account numbers.
In this case, the airline’s partner bank is HSBC India.
A press release by the airline reads: “SpiceJet acknowledges UPI as a leap forward in the digitisation of the economy in the millennia and with the integration in place, the company resonates with the government’s drive towards a digital economy. With the launch, SpiceJet will become one of the key merchants to accept payments via UPI.”
Divyesh Dalal the managing director and head global liquidity and cash management of HSBC India says, “This has been a key project for SpiceJet considering their ongoing focus towards digitisation and delivering a seamless customer experience. We look forward to strengthening our partnership with SpiceJet basis our UPI proposition, which will allow SpiceJet customers to seamlessly pay for bookings done through their website. With UPI adoption witnessing significant growth in quarter ending March 2017, we believe that SpiceJet can use our offering to drive sales.”