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.
Expanding into New Global Markets
Different countries exhibit distinct payment method preferences. Offer the required payment methods for local consumers.
Increasing Conversion Rates
Due to the utilization of local processing connections, local payment methods are favored to a greater extent within issuing institutions.
Integrated Integration
To achieve widespread global payment usage, it is recommended to adopt integrated integration to ensure the collaborative linkage of payment providers and acquiring institutions.