Is UPI mobile banking?

Yes, UPI is a form of mobile banking. Developed by the National Payments Corporation of India (NPCI), it is a real-time payment system that allows you to link multiple bank accounts into a single mobile application. Key features include:

• Instant fund transfers between bank accounts using a mobile device.
• Round-the-clock availability, including weekends and holidays.
• Secure transactions using a unique UPI ID and a secure UPI PIN.
• Seamless bill payments and merchant transactions without sharing bank account details.