UPI is an instant real-time payment system developed by National Payments Corporation Of India (NPCI). Facilitating inter-bank Peer-to-Peer (P2P) and Person-to-Merchant (P2M) transactions. Various popular portals like Amazon, Flipkart, etc. now accepts payment mode as UPI.
Key Features Of UPI Are As Follow:-
Services Available Under UPI:- Funds Transfer and Remittances
How To Get UPI Enabled?
UPI Pin creation requires ATM card details for the first time only. After UPI Pin is created And activated, if ATM Card is closed or blocked UPI services / transactions shall still work without any issues. UPI transactions can only be stopped by unlinking your UPI ID with application that customer has linked with application like BHIM, Phone Pay, Paytm, Google Pay Etc.