What is the UPI payment option?

Unified Payments Interface (UPI) is a real-time instant payment system developed by the National Payments Corporation of India (NPCI). It allows users to link multiple bank accounts into a single mobile application for seamless fund transfers. Key features include:

• Instant money transfers 24/7, including holidays.
• Use of a Virtual Payment Address (VPA) or UPI ID, eliminating the need for sharing sensitive bank details.
• Secure transactions authenticated by a user-set UPI PIN.
• Facilitates both person-to-person and person-to-merchant payments via QR codes or mobile numbers.