What is UPI?

UPI stands for United Payment Interface and it is an abbreviation often used with digital payment apps and banking networks. UPI is a robust and secure payment system created by the National Payments Corporation of India (NPCI) which is a government organization in India. It is also an RBI regulated organization that works on national payment systems in India.

UPI is a core framework for banking networking that allows bank to bank transfer between banks that are supported by the system. It is developed over the IMPS infrastructure. It is one of the fastest money transfer systems available in India that can work though mobile phone applications.


The latest BHIM App is also made on UPI system and has been a major success for the government to push the digital transactions in the country. It allows easy, fast and secure money transfer instantly between any two parties bank accounts.