Payments via UPI
UPI: In recent times UPI based transactions are more compared to RTGS,IMPS and NEFT type transactions. But what is UPI? A UPI(Unified Payment Interface) is an online based transaction comes under NPCI(National Payments Corporation of India) is a statutory body established by RBI(Reserve Bank of India) aimed for payments/transactions via online mode. Troubling to remember bank account no? Then here comes the easy way for online transactions i.e UPI here it comes the actual process. You've to send money for friend but you've Phonepe and your friend has GPay then the transaction may takes time if your payment is done via NEFT/RTGS/IMPS but when the same payment is done via UPI the transaction will completes within fraction of seconds that's the power of UPI. There is no need to remember the persons bank account number but needs to remember whether the person has registered his/her bank account number in any of the online payment app like Phonepe/GP...