UPI stands for Unique Product Identifier, a system used in e-commerce, inventory management, and product tracking. However, in the context of payments, UPI refers to the Unified Payments Interface, an instant payment system in India. One can get a UPI by registering a Virtual Payment Address on their mobile phone through a supported app. This enables quick and secure money transfers.
7 answers
Rosalia
Thu Nov 21 2024
It integrates multiple bank accounts into a single mobile application.
Eleonora
Thu Nov 21 2024
Users can access this feature through any participating bank's app.
CryptoVisionary
Thu Nov 21 2024
UPI combines various banking services into one convenient platform.
Matteo
Thu Nov 21 2024
The Unified Payments Interface (UPI) represents a revolutionary step in digital banking.
Silvia
Thu Nov 21 2024
This includes seamless fund routing and merchant payments.