UPI

UPI (Unified Payments Interface) is a real-time payment system developed by the National Payments Corporation of India (NPCI), which connects most banks in India as well as local and international e-wallets, such as Google Pay, PhonePe, and Paytm. UPI enables instant bank-to-bank transfers through mobile devices and is one of the most widely used payment methods in India, covering about 40% of the Indian population.