What is UPI mode of payment ?

What is UPI mode of payment ?
Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties’ bank accounts.
UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform. … This idea was developed by the National Payments Corporation of India and is controlled by the RBI and IBA (Indian Bank Association).

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