Canara Bank Unveils ‘Canara ai1Pe’ to Streamline Unified UPI Payments

Canara Bank has launched Canara ai1Pe, a new unified payments interface (UPI) application for digital transactions, as per news reports. The app allows users to link bank accounts from any bank and use a single platform for routine payments.  

According to the bank, the application is intended for everyday use and is designed to work for users with varying levels of familiarity with digital payment systems. 

The app is available to both existing and new UPI users. 

Payment and Account Features 

Canara ai1Pe supports common UPI functions, including person-to-person transfers, QR-based merchant payments, utility bill payments and mobile recharges.  

Users can link multiple bank accounts and choose the account at the time of making a payment. Transaction history and real-time payment status are accessible within the app. 

The bank said the application follows the standard UPI framework currently in use across the payments ecosystem. 

Security and Transaction Access 

The application includes device binding, which limits transaction activity to the registered mobile handset.  

Users who are already registered on other UPI apps can install Canara ai1Pe and begin transactions without repeating the full onboarding process. Payments require UPI PIN authentication. 

A QR scan widget is available on the home screen, allowing users to scan and pay without opening the app, reducing steps for routine transactions. 

Delegated Payments and Usage Tracking 

Canara ai1Pe includes the UPI Delegate feature, also referred to as UPI Circle. This allows a primary account holder to authorise family members as delegates.  

Delegates can make payments within a predefined limit, such as up to ₹15,000 per month, while the primary user retains overall control. 

The app also provides spending information, including monthly summaries, expense categorisation and basic usage trends. 

Recurring Payments and Small Transactions 

The app supports UPI Autopay, which can be used for recurring payments such as subscriptions, EMIs, SIPs and utility bills.  

It also offers UPI Lite for low-value transactions, allowing payments to be made without entering the UPI PIN for each transaction. 

Canara Bank Share Price Performance  

As of December 23, 2025, 9:26 am, Canara Bank share price was trading at ₹151.25, a 0.63% increase from the previous closing price. 

Read more: Reliance Consumer Products Increases Authorised Share Capital to ₹10,000 Crore for Expansion  

Conclusion 

With the launch of Canara ai1Pe, Canara Bank has added a UPI application that brings standard payment features, delegated access and recurring payment options into one platform, aligned with existing UPI systems and security requirements. 

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