Unified Payments Interface (UPI)

UPI stands for Unified Payments Interface, which is a payment system developed by the National Payments Corporation of India (NPCI). It enables real-time payments between bank accounts through a mobile device. UPI facilitates the transfer of funds between different bank accounts by instantly linking them through a single mobile application. It allows users to send and receive money, make payments, and pay bills using their mobile phones. UPI has gained immense popularity in India due to its convenience, security, and ease of use, and it has become one of the most widely used payment systems in the country.