UPI full form

UPI stands for Unified Payments Interface.

UPI stands for Unified Payments Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI). UPI enables individuals and businesses to make instant money transfers and payments using their smartphones. This platform provides a seamless and secure way to transfer funds between different bank accounts by linking them to a unique UPI ID or virtual payment address. With UPI, users can perform a wide range of transactions such as peer-to-peer transfers, merchant payments, bill payments, and more, all through a single interface. UPI has revolutionized the way people conduct financial transactions in India, offering convenience, speed, and reliability in the digital payment ecosystem.