UPI (Unified Payments Interface): How does it work?

UPI (Unified Payments Interface) is a smartphone application that allows users to make online transactions seamlessly. The mobile payment system is regulated by the Reserve Bank of India (RBI). UPI is considered a safe and secure payment method, which means you are not required to fill in sensitive information like your personal or bank details every time you make a payment. The process for online UPI payment is quite simple and free of charge. All you need to do is download the payment application and add the virtual address of…

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