UPI - Unified Payments Interface
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UPI: UNIFIED PAYMENTS 
INTERFACE 1
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Unified Payments Interface (UPI) is a system that powers 
multiple bank accounts into a single mobile application (of any 
participating bank), merging several banking features, seamless 
fund routing & merchant payments into one hood. 
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Source: www.npci.org.in
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• Immediate money transfer through mobile device round the 
clock 24*7 and 365 days.
• Single mobile application for accessing different bank 
accounts.
• Single Click 2 Factor Authentication – Aligned with the 
Regulatory guidelines, yet provides for a very strong feature 
of seamless single click payment.
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Source: www.npci.org.in
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• Best answer to Cash on Delivery hassle, running to an ATM 
or rendering exact amount.
• Merchant Payment with Single Application or In-App 
Payments.
• Utility Bill Payments, Over the Counter Payments, QR Code 
(Scan and Pay) based payments.
• Donations, Collections, Disbursements Scalable.
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Source: www.npci.org.in
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• Payer PSP
• Payee PSP
• Remitter Bank
• Beneficiary Bank
• NPCI
• Bank Account holders
• Merchants
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Source: www.npci.org.in
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• Single click Two Factor authentication
• Universal Application for transaction
• Leveraging existing infrastructure
• Safer, Secured and Innovative
• Payment basis Single/ Unique Identifier
• Enable seamless merchant transactions
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Source: www.npci.org.in
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• Round the clock availability
• Single Application for accessing different bank accounts
• Use of Virtual ID is more secure, no credential sharing
• Single click authentication
• Raise Complaint from Mobile App directly
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Source: www.npci.org.in
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• Seamless fund collection from customers - single identifiers
• No risk of storing customer’s virtual address like in Cards
• Tap customers not having credit/debit cards
• Suitable for e-Com & m-Com transaction
• Resolves the COD collection problem
• Single click 2FA facility to the customer - seamless Pull
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Source: www.npci.org.in
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• User downloads the UPI application from the App 
Store/Banks website
• User creates his/her profile by entering details like name, 
virtual id (payment address), password etc.
• User goes to “Add/Link/Manage Bank Account” option and 
links the bank and account number with the virtual id
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Source: www.npci.org.in
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• The user will only have to use a virtual address, known as a 
Virtual Payment Address (VPA) to carry out any transaction. 
UPI has been developed by the National Payments 
Corporation of India (NPCI) and is regulated by the Reserve 
Bank of India (RBI). UPI is slowly becoming the most 
preferred form of digital payment. 
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Source: www.bankbazaar.com
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• There are no fees and charges applicable to the UPI 
platform. The UPI programme was launched with the aim to 
promote digital transactions. 
• The NCPI had earlier marked the transaction charges to be 
50 paise per transaction. However, the Government of India 
had later cancelled these charges to make sure that more 
and more people started using the platform.
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Source: www.bankbazaar.com