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NEWS:UNIFIED PAYMENTS INTERFACE WILL GO LIVE FOR CUSTOMERS WITH TWENTY ONE BANKS

UNIFIED PAYMENTS INTERFACE WILL GO LIVE FOR CUSTOMERS WITH TWENTY ONE BANKS

UPI lets a recipient initiate payment requests from a smart phone and was under a pilot run since being launched in April by the RBI governor, Raghuram Rajan.

The UPI apps of banks will be available on the Google play store within a couple of days. After the pilot run the RBI has approved the public launch of UPI. Customers will download the apps and link them with their bank accounts for making transactions.

This is another step towards a cashless economy.



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