UPI
E633200
UPI is an instant real-time payment system developed in India that enables seamless, interoperable bank-to-bank transfers via mobile devices.
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
funds transfer system
ⓘ
instant payment system ⓘ mobile payment system ⓘ real-time payment system ⓘ |
| abbreviationFor | Unified Payments Interface NERFINISHED ⓘ |
| availability | 24x7 ⓘ |
| basedOn | Immediate Payment Service NERFINISHED ⓘ |
| countryOfOrigin | India ⓘ |
| currency | Indian rupee ⓘ |
| developer | National Payments Corporation of India NERFINISHED ⓘ |
| enables |
24x7 payments
ⓘ
instant fund transfers ⓘ interoperability between banks ⓘ low-value and high-frequency transactions ⓘ real-time settlement ⓘ |
| fullName | Unified Payments Interface NERFINISHED ⓘ |
| governedBy |
NPCI regulations
ⓘ
Reserve Bank of India guidelines ⓘ |
| hasFeature |
API-based integration for third-party apps
ⓘ
instant payment confirmation ⓘ low transaction cost ⓘ seamless interoperability across banks ⓘ single mobile app for multiple bank accounts ⓘ |
| launchDate | 2016-04 ⓘ |
| launchYear | 2016 ⓘ |
| operatedBy | National Payments Corporation of India NERFINISHED ⓘ |
| primaryChannel |
mobile devices
ⓘ
smartphone applications ⓘ |
| regulator | Reserve Bank of India NERFINISHED ⓘ |
| sector |
digital payments
ⓘ
financial technology ⓘ |
| supports |
Aadhaar-based payments
ⓘ
QR code payments ⓘ UPI PIN authentication ⓘ bank-to-bank transfers ⓘ bill payments ⓘ in-app payments ⓘ interoperable payments across banks ⓘ merchant payments ⓘ mobile number based payments ⓘ person-to-merchant payments ⓘ person-to-person payments ⓘ recurring payments ⓘ request-to-pay feature ⓘ virtual payment addresses ⓘ |
| typicalSettlementTime | real-time ⓘ |
| usedIn | India NERFINISHED ⓘ |
| uses |
UPI PIN
ⓘ
mobile application interface ⓘ two-factor authentication ⓘ virtual payment address ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.