UPI - Unified Payment Interface

UPI is a digital Payment system. This System works on mobile. By using this system a mobile app can send money instantly. It works 24 hours a day and never stops.

It has revolutionized the payments in India. Today most of you use one of the UPI apps such as BHIM, Tez, Phonepe, Paytm, SBI Pay, iMobile, chillr etc. These apps use UPI platform to transfer fund.

Main Features of UPI

  1. It transfers money instantly, anytime.
  2. You can request money from someone using this platform.
  3. You can link any of your bank accounts. It is not necessary to use app of the same bank. You can link multiple bank account to the single app.
  4. The bank account number is not necessary to send money through it. The virtual Payment address (VPA)Aadhaar, and mobile number can be also used to pay.
  5. You can send money immediately to anyone. There is no mandatory wait period.
  6. This system is free. Banks also do not charge anything to use their app. Thus, It does not cost anything to you.

 

UPI Payment System to Send Money 

UPI is the most popular payment system in India. There have been 845 million UPI transactions in Jun 2019. Today, a UPI user makes 22 transactions in a year through this mode. However, most of the users are not fully aware of this convenient and useful system. This article would tell you all the important

 

*99# Banking: Fund transfer and Balance Check Without Internet

You can also enjoy the various features of UPI in feature phone thanks to the *99# banking. By using this new age service you can send money, request money and check balance without using a smartphone or internet. Everyone must learn this type of fund transfer as data might finish anytime. This feature is also

 

UPI Transaction Charges of SBI, ICICI, HDFC, Paytm and Others

UPI Transaction charges are no longer free. Some of the banks started to charge after a fixed number of transaction. However, the government and NPCI has persuaded most of the banks to keep this service free. But it does not mean that UPI transaction would always remain free. The app developers, Banks and NPCI are […]

 

UPI - Unified Payment Interface

UPI is a digital Payment system. This System works on mobile. By using this system a mobile app can send money instantly. It works 24 hours a day and never stops.

It has revolutionized the payments in India. Today most of you use one of the UPI apps such as BHIM, Tez, Phonepe, Paytm, SBI Pay, iMobile, chillr etc. These apps use UPI platform to transfer fund.

UPI Full Form and Meaning

 

Main Features of UPI

  1. It transfers money instantly, anytime.
  2. You can request money from someone using this platform.
  3. You can link any of your bank accounts. It is not necessary to use app of the same bank. You can link multiple bank account to the single app.
  4. The bank account number is not necessary to send money through it. The virtual Payment address (VPA)Aadhaar, and mobile number can be also used to pay.
  5. You can send money immediately to anyone. There is no mandatory wait period.
  6. This system is free. Banks also do not charge anything to use their app. Thus, It does not cost anything to you.

 

 

UPI Payment System to Send Money | UPI in 2019

UPI is the most popular payment system in India. There have been 733 million UPI transactions in May 2019. Today, a UPI user makes 22 transactions in a year through this mode. However, most of the users are not fully aware of this convenient and useful system. This article would tell you all the important […]

*99# Banking: Fund transfer and Balance Check Without Internet

You can also enjoy the various features of UPI in feature phone thanks to the *99# banking. By using this new age service you can send money, request money and check balance without using a smartphone or internet. Everyone must learn this type of fund transfer as data might finish anytime. This feature is also […]

UPI Transaction Charges of SBI, ICICI, HDFC, Paytm and Others

UPI Transaction charges are no longer free. Some of the banks started to charge after a fixed number of transaction. However, the government and NPCI has persuaded most of the banks to keep this service free. But it does not mean that UPI transaction would always remain free. The app developers, Banks and NPCI are […]

10 Benefits of UPI | How UPI is Better than NEFT and IMPS!

UPI is the coolest thing in the last few years. It has made a huge impact on the payment ecosystem. Because of the UPI, everyone, big or small, is making cashless payments. You, me and crores of people are now using the Paytm, Phonepe, Google Pay, SBI Pay and so on. All these mobile payment […]

 

 

 

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