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Unified Payments Interface - Wikipedia Unified Payments Interface (UPI) is an Indian instant payment system as well as 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
What is UPI? Unified Payments Interface Features and How UPI Works UPI, or Unified Payments Interface, is a real-time digital payment system that allows users to send money, pay bills, and manage accounts through one app This article explains what UPI is, how it works, and its key features, helping you understand its role in simplifying digital payments
New UPI rules from today: All you need to know News India New UPI rules from today: All you need to know New UPI rules from today: All you need to know UPI new changes: Launched in 2016 by the National Payments Corporation of India (NPCI), the UPI has changed how people send and receive money in the country
New UPI rules from August 1, 2025 - The Economic Times New UPI rules: To improve UPI transaction efficiency, NPCI is introducing new guidelines effective August 1, 2025 These include capping balance inquiries, limiting account access requests, and setting time windows for auto-debits Payment service providers must comply by July 31, 2025, or face penalties, API restrictions, or suspension of new customer onboarding