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UPI means Unified Payment Interface is a system of sending money. Till now money has been sent through NEFT, RTGS and IMPS systems. UPI is a more advanced method than these. This payment system has been designed in such a way that even common people can use it easily. The following are the special features of UPI. Works in a smartphone : The Unified Payment Interface System is based on the mobile app. That is, it works in smartphones using the Internet. To use UPI, it is necessary to be connected to the Internet. Currently, the UPI app is designed for Android operating system only. You must know that 80% of the world's phones use the Android operating system. In the future, UPI will also work in iPhone and Windows operating systems. Mobile number based : The UPI payment system takes information about your account through your mobile number. Through a mobile number, it ensures that you connect to your own account. You must be aware that nowadays all bank...

What is UPi, IMPS,NEFT, RTGS AND HOW THEY WORK? Today in India digitally money transfer becomes so easy from one bank account to another. One can transfer money using UPi from anywhere any time. It works even on holidays. But what is the history of this payment services and how they have grown up? HISTORY HOW UPI SERVICES concept have been developed? In 2005 first digitally money transfer became possible from one bank account to another bank account. In 2005 the NEFT service had launched in India. They started to transfer amount from account to another. But it was not so fast system. It took upto 12 hours to transfer. Even it only worked if that was not a holiday. It worked only in Bank works hour.   In 2005 RTGS had launched. NEFT only transfers money in a branch means they at first makes branches of transactions which have been made in an hour then they transfer all's amount. By this process they wanted to save resources of their computer. Then RTGS con...