UPI

What are the unique features of UPI?

UPI's unique features include instant, 24/7 money transfers between bank accounts. It uses a Virtual Payment Address (VPA) as a unique identifier, which removes the need to share sensitive bank account details, enhancing privacy and security. Each transaction is secured with a user-set UPI PIN for authorization, and the system is highly interoperable, connecting numerous banks into one real-time switch.

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