What is UPI in net banking?

UPI (Unified Payments Interface) is a real-time payment system developed by the NPCI that enables instant fund transfers between bank accounts via mobile devices. While net banking typically requires logging into a portal with a user ID and password to manage comprehensive services like loans and statements, UPI focuses on seamless, 24/7 payments using a Virtual Payment Address (VPA) or mobile number. Many banks integrate UPI within their official mobile banking apps, allowing users to perform quick transactions without needing full net banking credentials or adding beneficiaries manually.