UPI Superhero of Indian Payments⚡🔥 | #shorts

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@PureNext
India has changed it's Payment system fully with Unified Payments Interface (UPI) Technology.

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[PureNext]

UPI, or the Unified Payments Interface, is a real-time payment system that was launched in India in 2016. It allows users to transfer money from one bank account to another instantly, 24x7, without the need for bank account details, IFSC codes, or any other personal information.

One of the lesser-known features of UPI is that it can also be used to make payments to merchants, both online and offline. UPI QR codes can be displayed by merchants, which can be scanned by customers to initiate payments.

Moreover, UPI can also be used to make donations to various charities and organizations directly from the bank account of the user. The option to donate via UPI is usually available on the websites of these organizations and can be a convenient and secure way to contribute to a good cause.

Another interesting fact about UPI is that it supports the use of virtual payment addresses (VPAs) that can be created and used by users instead of their actual bank account details. This provides an additional layer of security as users do not need to share their sensitive financial information with anyone.

Overall, UPI is a versatile and convenient payment system that is rapidly gaining popularity in India and has the potential to revolutionize the way payments are made in the country.

[anantharamanvaratharajulun]

For u r kind information neary 70 percent cash transactions turns to upi. Government got clear picture in formal economy. People pay honestly tax.
Before days we struggle bank loan for lower salary people. Now post upi regime all it make us easy access bank loan easily. That also 8ncrease market