What is meant by Unified Payments Interface or UPI?

Unified Payments Interface (or UPI) is a NPCI (National Payments Corporation of India, an RBI regulated entity) developped payment system which works over the IMPS infrastructure and offers an immediate money transfer between accounts.

What is UPI pin?

UPI pin is a security measure to protect the money transfer using UPI apps.It consisits of 4-6 digit numeric pin according to the bank account linked to the UPI apps.

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