This video is a primer on India’s Unified Payment Interface (UPI).
The video consists of 3 chapters,
1. Overview of UPI and a look at volume
2. Brief History of UPI. Payments Systems available in India prior to UPI (NEFT & IMPS). Importance of IFSC and Acc#
3. UPI terminologies, PSP, Customer Registration Process, Push Transaction flow
UPI Terminologies/Concepts covered : Payee, Payer, SDK (NPCI Library), Remitter Bank, Beneficiary Bank, PSP (Payment Service Providers), VPA (Virtual Payment Address)
Covers Customer Registration Process in detail including generation of UPI PIN, and UPI Push Transaction Flow (4-party model).
