It is instant and real-time.
It is secure and encrypted.
It is convenient and easy to use.
It is available 24/7.
In this video, Manash explain how UPI is going international.
Recently Prime Minister Modi was in France for Bastille day
celebrations. He was invited by the French President Emanuel Macron.
On this occasion PM Modi announced a very important partnership. Now
UPI will work in France. Indian tourists will be able to pay via UPI in
Eiffel tower. This will be a huge victory for NPCI and India to prove
that our digital infrastructure can work seamlessly in the western
world.
#UPI #Modi #abhiandniyu
Unified Payments Interface (UPI) is an instant real-time payment
system developed by National Payments Corporation of India (NPCI)
facilitating inter-bank peer-to-peer (P2P) and person-to-merchant
(P2M) transactions. The interface is regulated by the Reserve Bank of
India (RBI) and works by instantly transferring funds between two bank
accounts on a mobile platform.
UPI is a convenient and secure way to make payments, and it has become
increasingly popular in India in recent years. In fact, UPI transactions
now account for over 75% of all digital payments in India.
Here are some of the benefits of using UPI:
It is free to use for most transactions.
If you are looking for a convenient and secure way to make payments,
then UPI is a great option. You can use UPI to transfer money to friends
and family, pay for goods and services, and even recharge your mobile
phone.
