Unified Payments Interface (UPI)

Unified Payments Interface (UPI)


Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.


Unified Payments Interface (UPI) enables instant, secure, and real-time digital payments directly from bank accounts using mobile devices. It has become a key enabler of cashless transactions across industries.


  • A real-time payment system that enables users to link multiple bank accounts to a single mobile app.
  • Transfers can be done using a Virtual Payment Address (VPA), phone number, UPI ID, QR code, or bank account + IFSC.
  • Available 24/7, including holidays.

NCMC Card

AFC Benefits

Uses of UPI

  • Person-to-person (P2P) money transfers.
  • Merchant payments (online and offline).
  • Transit fare payments and toll collections.
  • Utility bill payments.
  • Subscription and recurring payments.

UPI Key Benefits

  • Instant and 24/7 transactions.
  • No need to share bank details.
  • Highly secure with multi-factor authentication.
  • Low transaction costs.
  • Wide acceptance across platforms.
  • Seamless integration with apps and services.

AFC Benefits


NPCI (National Payments Corporation of India)

NCMC Card

The National Payments Corporation of India (NPCI) is the organization behind India’s revolutionary digital payment systems, including UPI, IMPS, Bharat BillPay, RuPay, and more. It plays a central role in India’s digital economy, enabling secure, fast, and scalable financial infrastructure.

The Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI) that facilitates instant money transfers between bank accounts through mobile devices.

The National Payments Corporation of India (NPCI) is an umbrella organization for operating retail payment and settlement systems in India. Established by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA), NPCI plays a critical role in building a secure, fast, and inclusive digital payment ecosystem across the country.

NPCI - Uses & Benefits

National Payments Corporation of India (NPCI) is an umbrella organization that operates and manages retail payment systems in India. It plays a critical role in building secure, efficient, and interoperable digital payment infrastructure.

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Key Uses of NPCI

    Operating payment systems like UPI, IMPS, RuPay, AEPS, and FASTag.
    Enabling interbank digital transactions.
    Supporting government and financial inclusion initiatives.
    Enhancing cashless and digital economy.

    1. Digital Payment Infrastructure
    UPI (Unified Payments Interface)
    NPCI develops and manages core payment platforms such as:
    UPI (Unified Payments Interface)
    IMPS (Immediate Payment Service)
    RuPay Card Network
    AEPS (Aadhaar Enabled Payment System)
    BBPS (Bharat Bill Payment System) validate
    NETC (FASTag - National Electronic Toll Collection)

    2. Interbank Transactions
    NPCI enables real-time fund transfers between banks, allowing seamless interoperability across financial institutions.

    3. Financial Inclusion
    NPCI systems support:
    Rural banking
    Micro-payments
    Aadhaar-based authentication
    This ensures banking access for unbanked and underbanked populations.

    4. Merchant & Retail Payments
    NPCI facilitates:
    QR-based payments
    Card and contactless transactions
    Online and offline merchant payments

    5. Government & Public Services
    NPCI platforms are used for:
    Direct Benefit Transfers (DBT)
    Utility bill payments
    Toll collection (FASTag)
    Transit and transport payments

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Benefits of NPCI

    Strengthens India's digital payment ecosystem.
    Promotes secure and reliable transactions.
    Reduces dependency on cash.
    Encourages innovation in fintech.
    Supports large-scale, high-volume transactions.

    1. Secure & Reliable Transactions
    RBI-regulated systems.
    Multi-layer authentication.
    Strong fraud detection mechanisms.

    2. Real-Time Payments
    NPCI platforms like UPI and IMPS allow instant money transfers, 24/7, including weekends and holidays.

    3. Cost-Effective
    Low transaction costs for users and merchants.
    Reduces dependence on cash and paper-based transactions.

    4. Interoperability
    NPCI ensures seamless connectivity between:
    Banks
    Wallets
    Merchants
    Government platforms

    5. Boost to Digital Economy
    NPCI has been instrumental in:
    Promoting cashless transactions
    Supporting startups and fintech innovation
    Accelerating India’s digital transformation

    6. Scalability & High Volume Handling
    NPCI systems are designed to handle billions of transactions, ensuring high performance even during peak usage.

    7. Global Expansion
    Through UPI International and RuPay Global, NPCI is expanding India's payment systems to other countries, enabling cross-border payments.

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NPCI - Core Features

    Interoperable Payment Infrastructure
    Enables seamless interbank transactions across multiple payment systems and channels.

    Real-Time Transaction Processing
    Supports instant and 24/7 fund transfers with high availability and reliability.

    Multiple Payment Systems Management
    Operates UPI, IMPS, RuPay, AEPS, FASTag, Bharat BillPay (BBPS), and NACH.

    High Scalability & Availability
    Designed to handle very high transaction volumes with minimal latency.

    Secure & Regulated Framework
    Strong security controls, encryption, authentication, and compliance with RBI regulations.

    Open API Ecosystem
    Enables banks, fintechs, and service providers to integrate and innovate easily.

    Dispute Management & Reconciliation
    Centralized mechanisms for transaction tracking, chargebacks, and dispute resolution.

    Financial Inclusion Enablement
    Supports Aadhaar-based payments and access to banking services for underserved populations.

    Cross-Platform Compatibility
    Works across mobile apps, POS devices, ATMs, web platforms, and transit systems.

    Support for Government Initiatives
    Enables direct benefit transfers (DBT), subsidies, toll payments, and smart city programs.