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Unified Payments Interface - Wikipedia

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Unified Payments Interface (UPI) is an Indian instant payment system and 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 using only a unique UPI ID. It runs as an open source application programming interface (API) on top of the Immediate Payment Service (IMPS),[3][4][5][6] and is regulated by the Reserve Bank of India (RBI). Major Indian banks started making their UPI-enabled apps available to customers in August 2016[7] and the system is today supported by almost all Indian banks.

Unified Payments Interface - Wikipedia Jump to content From Wikipedia, the free encyclopedia Indian instant payment system For the American news agency, see United Press International . Unified Payments Interface Product type instant payment system Owner National Payments Corporation of India Country India Introduced 11 April 2016 &#59; 10 years ago  ( 2016-04-11 ) Markets See Acceptance Website upichalega.com Unified Payments Interface ( UPI ) is an Indian instant payment system and protocol developed by the National Payments Corporation of India (NPCI) in April 11th 2016. The i

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