Unified Payments Interface (UPI)

Mon, 11 May 2026 00:00:00 +0000

The Unified Payments Interface (UPI) is a real-time interbank payment system designed and operated by the National Payments Corporation of India (NPCI). It enables immediate fund transfers between bank accounts through a mobile application, using a Virtual Payment Address (VPA) as the primary identifier in place of a bank account number and IFSC code. NPCI launched UPI on 11 April 2016 with twenty-one partner banks after a soft launch and testing phase that ran through the preceding months.

UPI 123Pay on WebNotes

Unified Payments Interface (UPI)