About UPI

• • Unified Payments Interface (UPI) is India’s mobile based, fast payment system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address created by the customer. 
  • This eliminates the risk of sharing bank account details by the remitter. 
  • UPI supports both Person to Person and Person to Merchant payments as also it enables a user to send or receive money.

• It was developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. 

How is it unique?

• Immediate money transfer through mobile device round the clock 24*7 and 365 days.
• Single mobile application for accessing different bank accounts.
• Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment.