Unified Payments Interface (UPI)
Unified Payments Interface (UPI) is a transformative mobile payment system that enables users to link multiple bank accounts within a single app, facilitating instant fund transfers, bill payments, and merchant transactions. Launched in 2016, it employs a Virtual Payment Address for secure transactions, streamlining peer-to-peer requests and scheduled payments.
Top Unified Payments Interface (UPI) Alternatives
PhonePe
This mobile payment app revolutionizes transactions in India, enabling users to effortlessly pay bills, recharge, and shop while offering a seamless payment experience.
BHIM
BHIM is a user-friendly payment application designed for seamless transactions through the Unified Payments Interface (UPI).
MSS Payments
The MSS Payments digital wallet combines robust security features with seamless payment processing.
Postepay
The Postepay app simplifies mobile payments by allowing users to manage their finances effortlessly.
DANA
DANA revolutionizes digital payments, allowing users to effortlessly handle everything from bill payments to eCommerce transactions with a simple tap.
GrabPay
Experience the convenience of a cashless lifestyle with this mobile payment app, designed to simplify everyday transactions.
Splitwise
Whether splitting dinner bills or organizing group travel costs, it allows for quick expense entry...
WeChat Pay
With over 800 million active users, it facilitates seamless transactions through various methods, including Mini...
QUICPay
Designed for urban life, this product enhances the experience for JCB cardmembers, offering effortless small-value...
Joompay
Users enjoyed instant notifications for transactions, 5% cashback on purchases, and convenience in freezing or...
UnionPay
In Hong Kong and Macau, nearly all merchants and ATMs accept these cards, while acceptance...
Chipper
Designed for convenience, the app enables users to send money across borders instantly, trade fractional...
TrueMoney
Users can effortlessly manage mobile top-ups, bill payments, and purchases, while enjoying exclusive discounts...
Zelle
Once enrolled, users simply enter a recipient's email or mobile number and desired amount...
TWINT
With TWINT, users can effortlessly pay at stores, online shops, and even donate to clubs...
Top Unified Payments Interface (UPI) Features
- Seamless fund routing
- Multiple bank account integration
- Instant money transfer
- Virtual Payment Address
- Peer-to-peer payment requests
- Scheduled payment options
- QR code payments
- Non-financial transactions support
- Mobile banking registration
- Real-time payment system
- Enhanced security protocols
- User-friendly mobile interface
- Interoperability across banks
- Bill payment functionality
- Easy onboarding process
- Customizable UPI PIN
- Transaction history tracking
- Merchant payment solutions
- Support for multiple platforms
- Cashless economy contribution
