UPI

Unified Payments Interface

UPI is India's real-time payments system that enables instant transfers between bank accounts using virtual payment addresses or QR codes. It provides a single interface for person-to-person and merchant payments.

UPI is operated by NPCI and runs on top of the IMPS infrastructure. It supports features like collect requests and recurring payments.

Related Terms

IMPS

Immediate Payment Service

IMPS is India's real-time payments service that enables instant bank-to-bank transfers. It supports ...

NEFT

National Electronic Funds Transfer

NEFT is India's national electronic funds transfer system for account-to-account payments. It proces...

QR Code Payments

QR code payments use a scannable code to initiate a payment from a mobile device or banking app. The...

IFSC

Indian Financial System Code

IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic pay...

Need to convert bank statements to spreadsheet format? Try our bank pdf converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free