UPI

UPI is India’s real-time bank-to-bank payment system enabling instant transfers using virtual payment addresses, QR codes, or mobile numbers.

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UPI is India’s real-time bank-to-bank payment system enabling instant transfers using virtual payment addresses, QR codes, or mobile numbers. Customers authenticate through UPI-enabled apps using secure PIN verification and allows customers to send funds to eachother via P2P. Merchants receive immediate, irreversible settlement with extremely low fees and high adoption. UPI powers massive digital commerce growth in India and is ideal for e-commerce, utilities, subscriptions, and retail payments. UPI was developed by the National Payments Corporation of India (NPCI).

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