UPI – the Way For­ward

Consumer Voice - - Bfsi Guide -

The Uni­fied Pay­ment In­ter­face (UPI) has seem­ingly ad­dressed all the lim­i­ta­tions of pay­ment apps and wal­lets and has ad­di­tional advantages that none of the wal­lets or bank­ing apps of­fer. The UPI is a prod­uct of Na­tional Pay­ments Corporatio­n of In­dia (NPCI), an or­gan­i­sa­tion that suc­cess­fully man­ages al­most ev­ery ser­vice that in­te­grates in­ter-bank com­mu­ni­ca­tions, trans­ac­tions and en­gage­ments on mul­ti­ple plat­forms.

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