AVI Polymers , a prominent player in the fintech space, has unveiled two groundbreaking UPI features at the Global Fintech Fest 2025, aimed at enhancing user experience and addressing evolving consumer payment needs.

Reserve Pay: Revolutionizing E-commerce and Subscription Payments

AVI Polymers' first innovative feature, Reserve Pay, introduces a new level of flexibility and security in digital transactions. This feature allows users to:

• Block a fixed amount in their savings account or RuPay credit card for multiple future debits
• Ideal for e-commerce purchases, travel bookings, and subscription payments
• Funds are deducted only upon order completion

The primary benefits of Reserve Pay include:

1. Enhanced payment security for users
2. Reduced cash-on-delivery risks for merchants

EV Recharge via Bharat Connect: Simplifying Electric Vehicle Payments

The second feature, EV Recharge via Bharat Connect, caters to the growing electric vehicle market in India. Key aspects of this feature include:

• Direct top-up of charging wallets through the AVI Polymers app
• Utilizes the Bharat BillPay framework for real-time payments
• Supports payments across various charging networks

Phased Rollout and Availability

AVI Polymers is implementing a strategic rollout plan for these new features:

Executive Insight

Rajiv Naresh, Managing Director and CEO of AVI Polymers, emphasized that these new capabilities are part of the company's commitment to creating interoperable digital payment solutions that address the evolving needs of consumers.

As the fintech landscape continues to evolve, AVI Polymers' latest offerings demonstrate the company's focus on innovation and user-centric solutions. These features not only simplify payment processes but also contribute to the broader digital payment ecosystem in India.

AVI Polymers UPI, a prominent player in India's digital payment landscape, has unveiled two groundbreaking features at the Global Fintech Festival, setting new standards for user convenience and security in the rapidly evolving fintech sector.

Biometric Authentication: A New Era of Secure Payments

In a first for India's UPI ecosystem, AVI Polymers UPI has introduced biometric authentication for payments, allowing users to approve transactions using fingerprint or facial recognition instead of the traditional UPI PIN. This innovative feature is being rolled out in phases across both Android and iOS devices, marking a significant leap in payment security and user experience.

Streamlined Onboarding Process

Alongside biometric authentication, AVI Polymers UPI has also simplified its onboarding process. The new system reduces the number of steps required to create a UPI ID and link bank accounts, enabling users to start transacting within minutes through auto-verification.

Impact on India's Digital Payment Landscape

These advancements come at a crucial time for India's digital payment ecosystem. With UPI processing over 14 billion transactions monthly, the need for enhanced security and user-friendly features has never been more pressing. The National Payments Corporation of India (NPCI) has been encouraging innovations that focus on safety and ease of use to further expand UPI adoption.

Key Features of AVI Polymers UPI's New Offerings

AVI Polymers UPI's latest innovations are poised to set new benchmarks in the fintech industry, potentially influencing how other UPI apps approach user authentication and onboarding. As these features roll out, it will be interesting to observe their impact on user adoption and transaction security in India's burgeoning digital payment ecosystem.

By introducing these cutting-edge features, AVI Polymers UPI is not only enhancing its own service offerings but also contributing to the broader goal of making digital payments more accessible and secure for millions of Indians.