What is UPI? Unified Payments Interface

UPI is a payment system that allows money transfer between any two bank accounts by using a smart phone. UPI was officially lunched by NPCI, under RBI

Unified Payments Interface ( UPI ) was officially launched by the Nation Corporation of India ( NPCI ), under RBI for instant inter-bank real-time transactions using android apps. UPI is a payment system that allows money transfer between any two bank accounts by using a smartphone. UPI allows a customer directly to form a bank account to different merchants, both online and offline, without the hassle of typing credit card details, IFSC code, or net banking/wallet passwords. It uses Virtual Payment Address ( VPA ) to pay through the UPI.

Quick Facts

  • Introduced: 11 April 2016
  • Owner: NPCI
  • Website: www.bhimupi.org.in
  • Type: Mobile App
  • Available in: 16 languages
  • Operating System: Android & IOS