The Easiest Way Of Transaction UPI Which You Did Not Know - Hurry.Live

The Easiest Way Of Transaction UPI Which You Did Not Know

The topic I am going to talk about today, many of you may not even have heard about it. We usually use credit card, debit card or Paypal to do transactions. To send payment to someone one has to fill many details. This detail contains the name of the bank, account number, IFSC code, etc., due to which people used to get upset. But but the best way to do transactions has been invented, its name is UPI i.e. Unified Payments Interface. Yes, since 2016, people are using UPI in India, it is linked to a mobile number, which means we can do transactions directly through our mobile number. People would not have even imagined that something like this could happen. Money is transacted with just one click.


People would not have even imagined that something like this could happen. Money is transacted with just one click. Now it must be coming in your mind that how this will happen, what technology works in it and how UPI is different from everyone else, you will get the answer to all these in this article. You read this article of ours carefully and completely. You will automatically get answers.

What is UPI ?

UPI stands for Unified Payments Interface. It is an online payment system. UPI is such a digital technology which was brought for the convenience of the public. With this facility, you can pay anyone anytime by just one click through your smart phone. Payment for online shopping, mobile recharge, online ticket, movie ticket etc can be done easily through UPI. A small shop owner has also started using it.


National Payments Corporation of India and Reserve Bank of India jointly launched on 11 April 2016. NPCI organization works to monitor the Transactions happening from one bank to another. Let me explain to you with an example. Suppose you have HDFC Bank ATM card from which you want to withdraw money but there is no HDFC Bank ATM nearby. But there is an ATM of another bank, so you can withdraw money by going to that ATM. Now NPCI monitors the transactions between these two banks.

What is UPI ID And How it Works ?

To use UPI, you should download and install any of the above apps from Google Play Store or the App Store on your smart phone. Because UPI is used through these apps only. Sign in after the app is installed. The mobile you use to sign in is linked to your account. In which you will get OTP. OTP is used to confirm your account. After this, the interface of that App appears in front of you. Where you have to create UPI ID. This is called Virtual Payment Address (VPA). Because of this UPI ID, we are able to do transactions. UPI ID is different for all mobiles. For example, the UPI ID of PhonePay is like 8104@ybl.

If you want to send payment from any such UPI App, then you need to know the UPI ID of the next one. To know your own UPI ID, when you open your UPI App, then an ID is written on the front side of it, it is called UPI ID. It is unique like our mobile number.

UPI APP LIST in 2024

  1. Google Pay
  2. Phonepe
  3. Paytm
  4. Bharatpay
  5. Amazon pay
  6. BHIM
  7. Freecharge

Features & Advantage of UPI 

  • What makes UPI most special is its simplicity and speed.
  • It is considered the safest medium.
  • Its services are available 24/7.
  • You can transact with any bank using any UPI app.
  • Only UPI ID is required for the transaction, no other details are required.
  • Whether you have technical knowledge or not, you can easily use it.
  • There is no additional fee to be paid for making transactions. This is absolutely free service.
  • You can do transactions only up to 1 lakh at a time.

Supporting UPI Banks List

  1. State Bank of India
  2. Axis Bank
  3. HDFC
  4. HSBC
  5. IDBI Bank
  6. UCO Bank
  7. Yes Bank
  8. ICICI Bank
  9. Vijaya Bank
  10. Canara Bank
  11. Federal Bank
  12. Bank of Baroda
  13. Allahabad Bank
  14. Central Bank of India
  15. United Bank of India
  16. Karnataka Bank
  17. Syndicate Bank
  18. Punjab Bank of India
  19. Kotak Mahindra Bank
  20. Bank of Maharashtra
  21. Union Bank of IndiaIndusInd etc.


What is the full form of UPI ?

Unified Payments Interface

When Did UPI Start ?

UPI started on 11 April 2016.

Where did UPI start first ?

UPI first started in Bhutan.

Who Founded UPI in India ?

National Payments Corporation of India (NPCI)

Bottom Line

In the last lines, I only hope that you have understood what is UPI, what is UPI ID, how it is used. If there is any deficiency in this article, then you must tell us in the comment below. Thank you

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