Full form of upi: What is UPI

What is UPI ? Full Form & Meaning UPI stands for Unified Payments Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI). UPI allows users to: Link multiple bank accounts in one mobile application. Transfer funds instantly between banks using ... What Is Full Form Of UPI? The full form of UPI stands for Unified Payments Interface . It is a real-time payment interface developed by the NPCI that facilitates instant transfer between two bank accounts. In addition, it incorporates multiple bank accounts in one interface. UPI is a real-time payment system that allows money transfer between bank accounts through mobile devices. The launch of UPI has made digital payments faster and better. HOW DOES UPI WORK? To make UPI payments, you need to register your bank account on the UPI -enabled app. UPI is regulated by the National Payments Corporation of India (NPCI). UPI was launched in India on April 11, 2016. It was launched by the Reserve Bank of India (RBI) and NPCI in collaboration with various banks and payment service providers.