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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.
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
PhonePe's share of UPI payments stood at 47.8% in November 2024 while Google Pay's share was at 37%, according to regulatory data. The two firms processed a combined 13.1 billion transactions in ...
The Unified Payments Interface (UPI) is a real-time payment system for instant money transfers between any two bank accounts held in participating banks in India. The interface has been developed by the National Payments Corporation of India and is regulated by the Reserve Bank of India.
UPI, or Unified Payments Interface, is India's home-grown real-time payments system that allows users to transfer money digitally without disclosing bank account details. It is one of the country ...
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
The National Unified USSD Platform (NUUP), also known as the *99# service, is a platform that provides access to the Unified Payment Interface (UPI) service over the USSD protocol. Initiated by the Government of India and developed by the National Payments Corporation of India (NPCI), it facilitates access to banking services from mobile phones.
Autopay for UPI Lite is being introduced by Google Pay. When a user's UPI Lite balance drops below a predetermined amount, this feature immediately tops it off for them. UPI Lite is a simplified version of UPI intended for small-ticket transactions. Users can keep making tiny payments with Autopay without having to worry about running out of ...