What are UPI apps?

UPI apps are mobile applications that use the Unified Payments Interface (UPI) system developed by the National Payments Corporation of India (NPCI). These apps allow users to link multiple bank accounts into a single platform for instant, 24/7 fund transfers. Key features include:

• Instant money transfers using a UPI ID, mobile number, or QR code.
• Secure transactions authenticated by a unique 4 or 6-digit UPI PIN.
• Convenience for person-to-person payments, merchant transactions, and utility bill payments directly from a savings account.