THIS IS A PRESENTATION BASED ON UPI [UNIFIED PAYMENT INTERFACE]. HOPE EVERYONE LOVES IT . THANK YOU

1. UPI
[UNIFIED PAYMENT INTERFACE]

2. CONTENTS
• INTRODUCTION TO UPI
• HISTORY OF UPI
• BENEFITS OF UPI
• ADVANTAGES OF UPI
• DISADVANTAGES OF UPI
• TRANSFER METHODS - NEFT AND IMPS
• UPI – HOW TO USE UPI APPS
• IMPORTANT TERMINOLOGIES
• PAYMENT SERVICE PROVIDER [PSP]
• VIRTUAL PAYMENT ADRESS

3. INTRODUCTION
TO UPI
• Unified Payments Interface (UPI) is an
instant payment system developed by
the National Payments Corporation of
India (NPCI), an RBI regulated entity. UPI
is built over the IMPS (Immediate
Payment Service) infrastructure and
allows you to instantly transfer money
between any two parties' bank accounts.
BHIM (Bharat Interface for Money) is an
Indian mobile payment app developed by
the National Payments Corporation of
India (NPCI), based on the Unified
Payments Interface (UPI)

4. HISTORY OF
UPI
• Unified Payment Interface (UPI)
was developed by the National Payments
Corporation of India (NPCI) which was
established by the Reserve Bank of India
(RBI) and Indian Banks Association (IBA).
• Dilip Asbe, MD & CEO of NPCI—that created
the UPI technology—has stated that “a
billion transactions per day” is possible

5. BENEFITS OF
UPI

6. ADVANTAGES
OF UPI
• One of the major advantages of
UPI is that it is fast, , and the
cheapest way of money transfer.
• UPI is also very fast and a safe
medium, while you only need a
UPI ID for carrying out a
transaction.
• It is easy to use as it only
requires a single click
authentication that involves only
two factors.

7. DISADVANTAGES
OF UPI
• Sometimes, there can be delays in
payments, it takes up to 48 hours for
the money to get back to your bank
account.
• The UPI money transfer limit is currently
Rs 100,000, which you can send to
anyone through the mobile app.
• The UPI pin only consists of four to six
digits, which should be elongated for
more security.
• Another major disadvantage of UPI is
that it is very slow in making payments
sometimes, but that can be avoided by
using faster internet services.

8. TRANSFER
METHODS -
NEFT AND
IMPS
• NEFT
• NEFT :- NATIONAL ELCTRONIC
FUND TRANSFER
• Operated by RBI
• Require beneficiary's account number and IFSC
code
• Electronic transfer mechanism or deposits via
bank branch
• IMPS
• IMPS :- IMMEDIATE PAYMENT SERVICE
• Mobile based payments
• Operated by NPCI

9. UPI – HOW TO
USE UPI APPS
• Here first, you will be needing to register yourself and create a unique
UPI ID/VPA. You can register for UPI before using the payments system
with the help of any UPI-enabled bank mobile application or third-party
application. After the registration is done, you can then start using UPI
to send and receive payments. Here are some easy steps to guide you
with the process:
• Step 1: You need to install either the UPI app or your banking UPI app
from Google Play Store or Apple App Store.
• Step 2: Then, you need to choose your preferred language, verify your
mobile number and eventually select your bank account.
• Step 3: Now, you need to create your profile by typing in the basic
details like your name, virtual ID, password, and more. This virtual ID
that you will create here will stand as your payment address.
• Step 4: Next, you will need to go to the option that says
Add/Link/Manage Bank Account on the app, and proceed with linking
your bank and account number with the virtual ID that you have
created in the previous step.
• Step 5: After that, you need to create your MPIN (Mobile Personal
Identification Number), which is a security code that will be asked
every single time you want to continue with a UPI transaction.
• Step 6: You would now be successfully registered

10. IMPORTANT TERMINOLOGIES
PAYER :- Payer or
"entity" who pays the
money
PAYEE :- Person or
"entity" who receives
the money
BENEFICIARY BANK :-
Bank where payee
maintains the account
:- Receives the funds
and credit to payee
account
REMITTER BANK :-
Bank where payer
maintains the account
:- Debits the
payer's account for a
transaction

11. PAYMENT SERVICE PROVIDER [PSP]
• PSPs (also called Merchant Service Providers) are third-party
companies that help business owners accept a wide range of online
payment methods, like online banking, credit cards, debit cards, e-
wallets, cash cards, and more.

12. VIRTUAL PAYMENT ADDRESS [VPA]
• VPA stands for Virtual Payment Address which is basically the address to or
through which you can make UPI money transfers. A VPA is a unique
financial address using which you can send and/or receive money in your
bank account through UPI

13. IMPORTANT
POINTS
The daily limit on UPI transactions is Rs. 2 lakh. A person
can make up to 20 UPI fund transfer transactions per day.
To add a UPI PIN, you must first add your debit card.
NEVER SHARE YOUR UPI PIN/ NET BANKING PASSWORD
WITH ANYONE
ALWAYS VERIFY UPI ID BEFORE SENDING MONEY
DON’T CLICK ON UNVERIFIED LINKS

14. Thank you

15. QUESTIONS AND ANSWERS
• WHO CREATED UPI ?
• WHICH ARE THE TWO TRANSFER METHODS IN UPI ?
• NAME ANY TWO DISADVANTAGE OF UPI ?
• NAME ANY TWO ADVANTAGES OF UPI ?
• UPI IS DEVELOPED BY _______ AND ESTABILISHED BY _________.