Money word, in plain English ← Back to all terms
UPI
India's instant phone to phone money transfer system.
Example. Paying a shop by scanning a QR code is UPI.
UPI stands for Unified Payments Interface. It lets you send money from one bank account to another in seconds, using just a phone, a UPI ID or a QR code. You approve a payment with a secret UPI PIN. Remember, you only ever need your PIN to send money, never to receive it.
One money lesson, in your inbox
A short, plain money lesson built from real news. Free. Unsubscribe anytime.
We will never spam you or sell your details.