What is 'Unified Payments Interface' (UPI)?
It is basically an interface through which account holder of one bank
can transfer/receive money to someone having account in same/different
bank through a smartphone.
There is no need for sharing each other's bank account details.
There is
also no need for swiping debit/credit card, keying in your confidential
PIN.
The other advantage of UPI is that one can send as well as request for payments.
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