Unified Payments Interface (UPI) is a payment system launched by National Payments Corporation of India that allows instant fund transfers between bank accounts using a virtual address. UPI addresses issues like lack of digital literacy and bank account access in rural areas. It allows users to send and receive money through UPI applications on their smartphones using only a unique ID instead of bank details. UPI aims to make digital payments more convenient, secure, and accessible which can help promote a cashless economy in India. Transaction volumes through UPI are growing but still make up a small percentage compared to other electronic payment methods. Widespread adoption of UPI may depend on increasing digital and financial literacy as well as expanding internet access across India.