Unified Payments Interface

Unified Payments Interface

Industry	Finance
Founded	11th April, 2016
Founder	Reserve Bank of India
Headquarters	Mumbai, Maharashtra, India[1]
Products	Online platform for transactions
Parent	National Payments Corporation of India
Website	http://www.npci.org.in/home.aspx

Unified Payments Interface (UPI) is a system that powers multiple bank accounts (of participating banks), several banking services features like fund transfer (P2P), and merchant payments in a single mobile application. UPI was launched by National Payments Corporation of India with Reserve Bank of India's (RBI) vision of migrating towards a 'less-cash' and more digital society. UPI has built on the Immediate Payment Service(IMPS) platform. UPI can be used for multiple common banking tasks.