Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [1][2] It is used on mobile devices to instantly transfer funds between two bank accounts.

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties' bank accounts.

2022年3月8日 · The Reserve Bank has launched two key initiatives today – (1) UPI123Pay – Option to make Unified Payments Interface (UPI) payments for feature phone users, and (2) DigiSaathi - a 24x7 Helpline to address the queries of digital payment users across products.

2023年9月4日 · Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI) Please refer to the Statement on Developmental and Regulatory Policies dated April 06, 2023 and December 06, 2024 , expanding the scope of UPI by enabling transfer to / from pre-sanctioned credit lines at banks.

15 小时之前 · The latest regulations mandate banks, Payment Service Providers (PSPs), and third-party UPI service providers like PhonePe, GPay, and Paytm to adhere to specified measures concerning numeric UPI IDs.

2024年10月9日 · To further promote UPI adoption, two key enhancements have been announced: (i) the per-transaction limit for UPI123Pay will be raised from ₹ 5,000 to ₹ 10,000, and (ii) the UPI Lite wallet ...

2024年9月1日 · The Unified Payments Interface (UPI) serves as the guardrails for digital payments apps to enable peer-to-peer transactions, bill payments, merchant transactions, and more. The new UPI features come amid efforts by the RBI and NPCI to increase the reach of the payments interface.

15 小时之前 · With the new UPI guidelines set to take effect on April 1, 2025, UPI IDs linked to dormant mobile numbers will be deactivated. If your mobile number registered with the bank has been inactive for an extended period, your associated UPI ID will be unlinked, resulting in the unavailability of UPI services.

4 天之前 · To ease microtransactions and reduce banking infrastructure strain, the Reserve Bank of India (RBI) launched UPI Lite in September 2022. UPI’s share in India’s digital payments surged from 34% in 2019 to 83% in 2024, while other methods like NEFT, RTGS, IMPS, and cards declined from 66% to 17%.