What Is a Unified Payments Interface (UPI)? Unified Payments Interface (UPI) is an instant payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on Mobile devices to instantly transfer funds between two bank Accounts. The mobile number on the device… Read More »What Is UPI? And How It Works?
An important aspect of running a business is executing customer payments efficiently. UPI integration is required for accepting payments directly from customers through UPI apps such as GooglePay, BHIM UPI, PhonePe etc. This article is about how to integrate UPI payment gateway into your business… Read More »How To Integrate UPI Payment Gateway In Websites And Apps
Unified Payments Interface (UPI) has revolutionized the digital payment system in India. As per the National Payments Corporation of India (NCPI), more than 7.8 billion transactions were made via UPI payment gateway in the last six years. Today, it has become a big part of… Read More »How to Stay Secure While Making UPI Payments
Paytm is India’s largest financial services firm providing an entire range of online payments & financial solutions to customers, online retailers and service partners. The company works towards a vision of introducing at least half a billion Indians into the mainstream economy through payments, trade,… Read More »What Is Paytm？How Does Paytm Wallet Work?
National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments in India, on Thursday launched the second iteration of its Unified Payments Interface (UPI). Called UPI 2.0, the new digital payment platform comes with a wide range of new features, enabling seamless… Read More »What Is UPI 2.0: Here Are Top New Features
Introduction Mrs Lohia runs a home-based bakery and believes that inter-bank transfer can be an extremely useful and convenient service. It would enable her to pay for her supplies as well as receive payments from her clients. But Mrs Lohia has not been able to… Read More »Which Is Better: NEFT Or RTGS?
Once you’ve registered your phone and the account number to which you want to receive funds, the bank will issue you an MMID number. An MMID Code and your mobile number are required for IMPS transfers. Let’s get into the details. What is MMID The… Read More »What Is Mobile Money Identifier (MMID)
UPI vs UPI Lite United Payments Interface (UPI) and UPI Lite represent two facets of digital payment systems. UPI, a comprehensive platform, enables seamless transactions, linking multiple bank accounts, and offers a wide range of services. On the other hand, UPI Lite is a simplified… Read More »What Are the Key Differences between UPI and UPI Lite
Under the guidance of the Reserve Bank of India, NPCI i.e National Payment Corporation of India has paved the way to a new era of digital payment which is safer, faster and seamless in India. UPI transactions have enabled new segments of trade and commerce… Read More »What Is UPI Lite
India’s UPI transaction volume increased by 62 per cent YoY in the first half of 2023, PayTech organisation Worldline said in its “India Digital Payments Report H1 2023” report released on September 27, 2023, highlighting the trends in digital payments landscape. UPI Transactions The UPI… Read More »India’s UPI Transaction Volume Surged 62% YoY In HI 2023
Unified Payment Interface (UPI), an instant financial transaction system facilitated through mobile devices, including UPI payments, has transformed how Indians manage their finances. Initially intended for domestic transactions, UPI is now available in foreign countries for Indians and Non-Resident Indians (NRIs) to execute international transactions… Read More »Indians Travelling Abroad Can Make UPI Payments