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Unified Payments Interface (UPI)
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About — Unified Payments Interface (UPI)
The Unified Payments Interface (UPI) is a payment system launched by India’s National Payments Corporation that lets users link multiple bank accounts to a single mobile app. It enables instant, 24/7 fund transfers without card details or IFSC codes, driving a shift to digital commerce. In 2023 UPI handled over 8 billion transactions, outpacing all other Indian retail payment methods combined.