Understanding UPI

Unified Payments Interface

Unified Payments Interface (UPI) is a system that powers multiple bank accounts (of participating banks), several banking services features like fund transfer (P2P), and merchant payments in a single mobile application. UPI was launched by National Payments Corporation of India (a not for profit run by coalition of banks) with Reserve Bank of India's (RBI) vision of migrating towards a 'less-cash' and more digital society. UPI has built on the Immediate Payment Service (IMPS) platform.

(Source: Wikipedia )


  • No need to share your bank account number
  • No need to share your IFSC
  • Instant transfer of money across bank accounts
  • Use payment addresses that look like email address
  • Send money from your bank account
  • Receive money to your bank account
  • QR Code based payments

    Get my QR Code