This blog will dive deep into the concept of (Virtual Payment Address)VPA in UPI(Unified Payments Interface). We will list the advantages of using the UPI infrastructure for customers and businesses alike. Moreover, we will uncover the different kinds of VPAs and how they can be used for yo...
The full form of UPI is Unified Payments Interface, a real-time payment system developed by theNational Payments Corporation of India(NPCI) that facilitates instant money transfers between bank accounts via smartphones. UPI enables users to send and receive money, pay bills, and make online purch...
Google Pay and PhonePe are typical and common UPI-enabled payment apps. UPI was developed by the National Payments Corporation of India (NPCI), and the Reserve Bank of India (RBI) is in charge of regulating it. By leveraging the Immediate Payment Service (IMPS) infrastructure, UPI enables ...
In India, you can find a wide range of UPI-enabled apps that allow you to send and receive money instantly. Apps like Google Pay, PhonePe, PayTM etc., are some of the most common UPI-enabled apps in India. Then there is BHIM, the official app developed by The National ...
Your UPI ID Receiver’s UPI ID Advantages of UPI UPI offers a lot of advantages as compared to NEFT and IMPS. NEFT and IMPS are the old money transfer mechanisms in India. IMPS is an instant money transfer service, whereas NEFT takes time. Let’s see some of the advantages of UPI: ...
UPI payment facility in India end-to-end encrypted messages and calls These are all the features that are already available in WhatsApp groups and are accessible within Communities as well. If we have missed out on any feature, do let us know in the comments below. ...
Some key highlights of the UPI system are: UPI stands for Unified Payments Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI). UPI allows users to instantly transfer money between bank accounts using their smartphones. Users can link multi...
Number of satellites in NavIC The total number of satellites used in NavIC is 7. These are: IRNSS-1A: It is the first satellite launched for the IRNSS space program. It is a Geosynchronous satellite that was launched on 1st July 2013. ...
UPI Set as Default Payment Mode UPI has become the most preferred payment mode in India over the last few years. Hence, for new India edition organisations, we've set UPI as the default payment mode to record payments for your transactions. For existing organisations, Cash will remain as the...
another bank account in real-time. With UPI, you do not need to collect or share your sensitive bank information such as your account number, IFSC, bank branch and bank name every time you wish to transfer money. At present, almost all banks in the country are a part...