National Payment Corporation of India (NPCI) has launched a new digital payment service or you can say electronic payment system called Unified Payment Interface (UPI). UPI uses IMPS (Instant Money Transfer Service), which immediately credit fund to beneficiary account.
UPI is simply a payment system through which you could transfer amount from one bank account to another bank account via any smart phone. For transactions UPI uses VPA or Virtual Payment Address which is directly linked with your bank account in very secured manner.
· Yes Bank – YesPay
Bank Only With Issuer:
UPI Apps For Non-Banks:
UPI App Registration Steps:
How To Generate M-PIN:
Features of UPI:
· You can do utility bill payment, Payment through Barcode scan.