UPI Full Form: Unified Payments Interface – Complete Guide
TechnologyUnified Payments Interface
Unified Payments Interface (UPI) is India's leading real-time payment system that enables instant money transfers between bank accounts using a mobile phone. Developed by the National Payments Corporation of India (NPCI), UPI has revolutionized digital payments by making them simple, secure, and accessible to everyone.
Availability
24x7 Instant Transfers
Security
Two-Factor Authentication
Integration
Multiple Bank Accounts
Key Features
- Instant Fund Transfer
- QR Code Payments
- Multiple Bank Account Linking
- Payment Request Generation
- Merchant Payments
- Bill Payments & Utilities
Payment Methods
UPI ID
Virtual Payment Address
QR Code
Scan & Pay
Mobile Number
Linked to UPI
Bank Account
Direct Transfer
Collect Request
Payment Requests
Benefits
For Users
- Instant Transfers
- No Additional Charges
- Single App Multiple Banks
- 24/7 Availability
For Merchants
- Easy Integration
- Lower Transaction Costs
- Instant Settlement
- Digital Records
Related Terms
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Hypertext Transfer Protocol
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Over The Top
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ATM
Automated Teller Machine
An electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.