All about UPI - Unified Payment Interface @allbank upi
A Unified Payment Interface (UPI) is a smartphone application which allows users to transfer money between bank accounts.
What Is a Unified Payment Interface (UPI)?
UPI | UPI full form | UPI id | UPI means | What is upi | What is upi id ?
A Unified Payment Interface (UPI) is a simple smartphone application that allows users to transfer money in real-time between bank accounts. UPI is a single-window mobile payment system developed by the National Payments Corporation of India (NPCI). It eliminates the need to enter bank details or other sensitive information each time a customer initiates a transaction.
The Unified Payment Interface is a real-time payment system. It is designed to enable peer-to-peer inter-bank transfers through a single two-click factor authentication process. The interface is regulated by the Reserve Bank of India (RBI), India's central bank. It works by transferring money between two bank accounts along with a mobile platform.
The system is said to be a safe and secure method of transferring money between two parties and eliminates the need to transact with physical cash or through a bank. The pilot system was launched in India on April 11, 2016. Banks across the country started to upload their interface in August 2016.
- A Unified Payment Interface (UPI) is a smartphone application for banking in India.
- The interface is regulated by the Reserve Bank of India (RBI), India's central bank, and funds sent between accounts.
- This app eliminates the need to enter bank details or other sensitive information each time a customer initiates a transaction making it a safe way to bank.
In this post you will learn:
Key Features of UPI & Benefits of UPI
Key Features of UPI & Benefits of UPI:
How Unified Payments Interface (UPI) Works
How to Register for UPI? Step by Step Guide
How to Register for UPI ? Step by Step Guide:
What is VPA?
A Virtual Payment Address (VPA) is a unique identifier that helps UPI to track a person’s account. It acts as an ID independent of your bank account number and other details. VPA can be used to make and request payments through a UPI-enabled app. Advantage of VPA is that There is no need to fill bank account details again and again for making multiple payments.
How Services Offered by UPI
How to Generate UPI PIN? Step by Step Tutorial
How to Generate UPI PIN? Step by Step Tutorial:
Sending Money vs. Receiving Money
Bank UPI means
UPI mobile applications (Apps) List by SEBI
@allbank upi - All Bank UPI ID
UPI mobile applications (Apps) List by SEBI:
|1||BHIM Baroda Pay||@BARODAMPAY|
|2||BHIM Oriental Pay||@obc|
|3||BHIM RBL Pay||@rbl|
|5||BHIM ALLBANK UPI||@allbank|
|6||BHIM Axis Pay||@axisbank|
|8||BHIM Lotza UPI||@federal|
|10||BHIM YES PAY||@yesbank|
|11||Citi Mobile||@citi & @citigold|
|12||DigiBank - DBS||@dbs|
|13||Google Pay||@okhdfcbank, @okaxis , @oksbi, @okicici|
|14||HSBC Simply Pay||@hsbc (hsbc upi)|
|15||iMobile by ICICI Bank||@icici|
|16||Kotak Mobile Banking App||@kotak|
UPI 3rd Party Apps List by NPCI
UPI 3rd Party Apps List by NPCI:
|1||Amazon Pay||@apl (Amazon Pay upi id ends with @apl)|
|2||Bajaj Finserv Direct Ltd||@abfspay|
|6||Google Pay||@okaxis, @okhdfcbank, @okicici, @oksbi|
|8||Khalijeb(by Kotak Mahindra Bank)||@kmbl|
|9||Make My Trip||@icici|
|14||Phonepe||@ybl, @ibl, @axl|
UPI, card or wallet: what is your default digital payment option?
BANKING APPS (IMPS)
WALLETS AND UPI
FAQ's Related to UPI - Unified Payment Interface
Frequently Asked Questions Related to UPI- Unified Payment Interface: