This Presentation is about the world's fastest growing technology which is developed by Indians i.e., UPI(Unified Payments Interface) which offers the users to access bank to bank money transfers easily through mobiles.

1. UNIFIED PAYMENT INTERFACE—AN
ADVANCEMENT
IN PAYMENT SYSTEMS

2. INTRODUCTION
India is rapidly moving towards the direction of
Digitization. After the proclamation of
Demonetization by PM Mr. Narender Modi on 08
November 2016 it created a massive expansion of
opportunity for digital payment in India.
Reserve Bank of India (RBI) has taken systematic
steps to promote digital payments in India and
created National Payment Corporation of India
(NPCI) as an umbrella organization to develop low
cost retail digital payment systems.

3. WHAT IS UPI ?
Unified Payments Interface (UPI) is a digital
payment system through which a user can
both send and receive money through a Virtual
Payment Address (VPA).
Unified Payments Interface (UPI) is an instant
real-time payment system developed by
National Payments Corporation (NPCI)
facilitating inter-bank transactions.

4. FEATURES OF UPI
UPI enables immediate money transfers round the
clock anytime, anywhere.
It is one common platform to manage multiple
bank accounts.
Virtual addresses keep the user’s personnel details
and credentials secure.
No more visiting banks or ATM’s.
Makes life easier with the easy digitized payment
option.
Fast counter payments through a barcode scan.
All banking queries solved through an app. You
can even raise complain over the phone.

5. ADVANTAGES OF UPI
• Secure payment
• No charges
• Real –time payment
• Easy to use
• UPI maximum bank support
• Cashback offers

6. DISADVANTAGES OF UPI
• Hack UPI account
• Payment delay
• Mobile hang problem
• One time transfer limit
• Not work on slow internet
• Low number pin

7. DIFFERENT DIGITAL PAYMENT
STYLE IN INDIA
• Credit cards
• Debit cards
• Online or mobile wallets
• UPI
• USSD

8. DIFFERENT APPS USED UPI
FEATURE IN INDIA
• Phone pe
• Paytm
• BHIM app
• MobiKwik
• Airtel payments bank
• Google tez
• SBI pay
• iMobile
• Axis pay

9. CONCLUSION
• UPI is a grand step towards making the
cashless payments faster, smoother and
easier.
• It is said that the launch of UPI will prove to be
a milestone in the transformation of modern
India.
• It is all set to become an efficient alternative to
mobile wallets.

10. THANK YOU