What is so special about UPI?

UPI (Unified Payments Interface) is special because it merges features of various payment methods like net banking, credit/debit cards, and mobile wallets into one platform. This allows for instant, 24/7, multi-bank transactions using a single app. Its features include single-click two-factor authentication, reduced fraud risk, and the ability to use Virtual IDs, phone numbers, or QR codes for seamless payments.