PSP (Payment Service Provider)
The full form of PSP is Payment Service Provider, a key player in the UPI framework that enables…
Peer-to-Peer (P2P) Transfer
Introduction Peer-to-Peer (P2P) Transfer is a UPI payment between two individuals for personal reasons like rent, gifts, or…
Peer-to-Merchant (P2M) Transfer
Introduction Peer-to-Merchant (P2M) Transfer refers to UPI transactions where a customer sends money to a business or service…
Pay Request
A Pay Request is a UPI-based prompt that allows users to initiate a payment to another user or…
P2M Transactions
Introduction P2M (Peer-to-Merchant) transactions are UPI payments made by customers to businesses for goods or services. Definition The…
Offline UPI (*99#)
Introduction Offline UPI allows users to make digital payments without internet using the *99# USSD code on any…
NPCI Mapper
Introduction NPCI Mapper is a database system that links users’ mobile numbers to their bank accounts for UPI…
NPCI (National Payments Corporation of India)
Introduction NPCI is the core organization that manages India’s retail digital payment systems, including UPI, RuPay, IMPS, and…
Merchant UPI QR
Introduction Merchant UPI QR is a QR code assigned to a business to receive digital payments via UPI…
Mandate in UPI
Definition A Mandate in UPI is a pre-approved instruction that allows automatic payments at a future date. It’s…