Unified Payments Interface (UPI): Meaning and How it Works?
Razorpay
SEPTEMBER 22, 2023
Introduced by the National Payments Corporation of India (NPCI), and regulated by the Reserve Bank of India (RBI), UPI has transformed digital transactions, streamlining the process of transferring funds between individuals and businesses. The NPCI checks the sender’s account details, account balance, and fund availability.
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