What is upi: Sep 16

Sep 16, 2025 ·UPIpayment is a real-time payment system that allows users to instantly transfer funds between bank accounts through their smartphones.Learn how to make a UPI transaction on Paytm, the benefits of UPI, and the RBI's goals for UPI and CBDC. 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 uniqueUPIID. It runs as an open source ... UPIis an interface that allows you to transfer money between bank accounts through a single window. You can send or receive money or scan a QR code to make payments.