What is upi?

UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India in 2016. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions

UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India in 2016. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform.Hence, UPI is a concept that allows multiple bank accounts to get into a single mobile application. This idea was developed by the National Payments Corporation of India and is controlled by the RBI and IBA (Indian Bank Association)