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  2. Unified Payments Interface - Wikipedia

    en.wikipedia.org/wiki/Unified_Payments_Interface

    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.

  3. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. The Unified Payment Interface (UPI ...

  4. Indian payments firm Paytm's shares jump as nod for new UPI ...

    www.aol.com/news/indian-fintech-paytms-shares...

    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. The National Payments ...

  5. BHIM - Wikipedia

    en.wikipedia.org/wiki/BHIM

    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.

  6. India reached 100B digital payments in 2023: Could it work in ...

    www.aol.com/india-reached-100b-digital-payments...

    The National Payments Corporation of India introduced a digital public infrastructure project called Unified Payments Interface in April 2016, which has helped the country attain digital ...

  7. Sari shops and street food stalls: How e-payments have ... - AOL

    www.aol.com/sari-shops-street-food-stalls...

    Digital payments, made through systems like the Unified Payments Interface (UPI), have transformed life in India. Sari shops and street food stalls: How e-payments have taken over India Skip to ...

  8. Immediate Payment Service - Wikipedia

    en.wikipedia.org/wiki/Immediate_Payment_Service

    Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...

  9. PhonePe - Wikipedia

    en.wikipedia.org/wiki/PhonePe

    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 PhonePe app, based on the Unified Payments Interface, went live in August 2016. [9] [10]