UPI Cashless Payment

byPaytm Editorial TeamLast Updated: November 14, 2025

Definition

UPI Cashless Payment refers to digital money transfers made through UPI without using physical cash. It allows instant payments between bank accounts using mobile apps and UPI IDs.

Advantage

It promotes a cash-free economy, reduces handling costs, and ensures safe and transparent transactions.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

PM Awas YojanaOctober 1, 2025

Meaning PM Awas Yojana (PMAY) is a pivotal government scheme designed to address housing needs across India.Overview The…

UPI BlockLast Updated: July 16, 2025

Meaning UPI Block refers to the suspension or restriction of your UPI account or ID. It is usually…

UPI Transaction PIN VerificationLast Updated: November 14, 2025

Definition UPI Transaction PIN Verification is the process of entering a secure 4 or 6-digit PIN to authorize…