Your bank account and UPI: Some common questions answered
Friday, 1 March 2024
UPI, created by NPCI under RBI, enables immediate fund transfers using IMPS infrastructure. It integrates multiple bank accounts into a single mobile app for convenient and safe transactions using various identifiers. Payments are secured with 1-click 2-factor authentication, including the use of UPI PIN. Now, PPI Wallets can also be linked to UPI.
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