What are UPI and IMPS Payments?
Utilized in the Indian region, UPI and IMPS are local payments methods that enables seamless fund transfers between different bank accounts. With UPI, you can link multiple bank accounts on a single platform, which streamlines transactions and reduces complexity. From paying bills to sending money to friends or making online purchases, UPI simplifies the process thanks to its user-friendly interface and state-of-the-art security features.
Whereas, IMPS is a swift interbank electronic funds transfer service that allows for 24/7 transactions. This service enables users to transfer funds instantly, without any restrictions on time or day. With IMPS, individuals can easily send and receive money through their mobile phones and internet banking.
Step by Step Guide on "How To Buy" on DIFX:
Step 1: Head on over to https://difx.com/en to login or register for a DIFX account.
Step 2: Click on the Buy Crypto tab found on the navigation bar
Step 3: On the BUY Crypto page, go to the Onramp widget on the right side of the page.
Step 4: Enter your preferred INR amount and select the token you want to purchase from the dropdown
Step 5: Select proceed and login with your phone number (First Time users need to complete basic KYC), note this KYC is for onramp.money
Step 6: Click on proceed to Pay, and Scan the QR code using any UPI supported payment app to pay the amount
Step 7: Once the payment is finished, Select “I have made the payment” and click “ I have paid”