What is UPI? How India pays instantly from phone to phone
By SendPay Business Ā· Ā· 2 min read
- 1Pick who to pay and type the amount
- 2Tap send and it is on its way
- 3It lands in their account
UPI (Unified Payments Interface) is India's system for instant bank-to-bank payments by phone. It was launched in 2016 by the National Payments Corporation of India (NPCI) and has become one of the busiest payment systems in the world.
How it works
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Why it took off
UPI works across banks and apps, is free for most everyday payments, and lets small shops take payments with just a printed QR code. Since 2023 it has handled more than 10 billion payments a month.
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UPI beyond India
India has linked UPI with some other countries' fast payment systems, such as Singapore's PayNow in 2023, so people can send money across the border quickly.
Where SendPay fits
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How it works
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Questions people ask
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Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.