Banking Exam Forum

What is Unified Payments Interface (UPI) ?

0 Members and 1 Guest are viewing this topic.

Offline raj

What is Unified Payments Interface (UPI) ?
« on: April 13, 2016, 02:15:20 PM »

Reserve Bank of India (RBI) has recently introduced Unified Payments Interface (UPI), for cashless digital payment for any type of services through out India.

UPI is the new initiative by NPCI, National Payments Corp of India which make e-commerce transactions easier, will facilitate micropayments and person-to-person payments.

UPI will work on Mobile Devices only for payment to any Bank through One account. The system will allow customers to transfer funds across different banks with the use of a single account or wallet which will act as a virtual address and eliminate the need to exchange sensitive information such as bank account numbers during a financial transaction.

As a start, 19 banks have partnered with NPCI, an umbrella organization for all retail payments systems, to offer services based on UPI.

It is Rupay Card Interference as like VISA or Mastercard provided as now.The UPI is a digital framework  which can be used to quickly and easily carry out online payments.


With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Warning: this topic has not been posted in for at least 180 days.
Unless you're sure you want to reply, please consider starting a new topic.

Note: this post will not display until it's been approved by a moderator.
Name: Email:
Type the letters shown in the picture
Listen to the letters / Request another image
Type the letters shown in the picture:
Which is the Mid Digit  in 54869?:

Subscribe To Enter your email address: