UPI bullets
UPI stands for Unified Payments Interface. The interface is built by NPCI (National Payments Corporation of India). UPI is extension of IMPS (Immediate Payment Service) framework built by NPCI. User can transfer & receive money 24x7, 365 days. User has to download and register on an UPI app & create an unique Virtual Address to transfer & receive money to & from a bank account. An user can create multiple Virtual Addresses depending on the UPI based apps he/she is using. User can set a default account for paying & a default account for receiving the money linked to a particular Virtual Address. Its a safe framework to make payments, involves 2 factor authentication. User has to create an UPI pin to start using any UPI app. Only NPCI accesses user's UPI pin, so feel safe as none of the app creators would be able to access it. No need for a seperate e-wallet, now your bank account can act as an e-wallet. Only PSP (Payment Service Provider) ba...
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