What is UPI - Unified Payments Interface

Unified Payments Interface ( UPI ) was officially lunched by Nation corporation of India ( NPCI ), under RBI for instant inter-bank real time transactions using android apps.
Unified Payments Interface ( UPI ) alert-info
UPI is a payment system that allows money transfer between any two bank accounts by using a smart phone. UPI allows a customer directly 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. 

Name Unified Payments Interface
Introduced 11 April 2016
Owner NPCI
Website Click Here

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