Important thing

1. Topic : UPI PAYMENTS
SUBJECTS : BANKING & FINANCE
CLASS : SY BBA
PRESENTED BY : 1] PRATIK SANGALE
2] OM AHER
3] TUSHAR GANGURDE
4] ABHISHEK AHIRE

2. What is UPI ?
*Commonplatformthroughwhichapersoncan Transfermoney
from his bankaccounttoanyothers bankaccountinthe
countryinstantly.
*IndigenousPaymentsystemviasmartphone.
*EffortsofRBItowards“LESSCASH“India.
*DevelopmentbytheNationalPaymentsCorporationofIndia(
NPCI)undertheguidelinesoftheRBI.
*BasedontheImmediatePaymentService(IMPS)Platform.

3. HOW WILL IT
WORK ?
*NOneedtoknowthepayee’sIFSCcode,bankaccount
details,etc.
*Accountmappingtobedonebycustomer’sownbank.
Henceonecanfreelysharethefinancialaddresswith
others.
*PersoncanhaveMultiplevirtualAddressforMultiple
Accountsinvariousbanks.
*Itwillmaketheprocesssimpler.

4. ADVANTAGES &DISADVANTAGESOFUPI
ADVANTAGES OF UPI
* Minimam charges and instant pay .
* No need to fill Details.
* No need for Registration and always Available.
DISADVANTAGES OF UPI
* Transaction Limit .
* Requirment of internet and Smartphone.
*Difficult to Convince the customers.

5. KEY ASPECTS OF UPI
• The Unified Payment Interface is expected to further propel
easy instant payment via mobile , wob , and other applications.
• The payments can be both sender (payer) and receiver (payee)
initiated and are carried out in a secure, convenient , and
integrated function.
• This design provides an ecosystem driven scalable architecture
and a set APIs taking full advantages of mass adoption of
smarthphone.

6. CONCLUSION OF UPI
* UPI can replace NEFT , IMPS and RTGS as UPI has only
1 unique ID of he recipient and is required for an
instantaneous transfer of funds. It is must more easir than
the other modes of transfer. In future it is expected to
replace the other modes of payments as it makes
payments very easily.

7. ThankYou