What Is UPI And How Does It Work? know All About It

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Transactions from UPI have increased rapidly in India. Through this, money can be transacted safely. However, there is also a need to take some care because money can go into someone else’s account as soon as there is a slight lapse.

The second wave of Corona virus epidemic has once again created a furore in the country. Meanwhile, the trend of digital payment has increased rapidly in the country. In digital transactions, we use UPI in apps like Google Pay, PhonePe, Paytm. How UPI works and how it can be used. Today we will tell you about it. So let’s know how UPI works.

What happens UPI?
Unified Payments Interface is an easy way of digital payment, which is linked to your bank account through the mobile application. This is an easy and secure method of digital payment. You can send money to your friends and relatives in an easy and safe way. With UPI, you can do all your bills, online shopping, fund transfer very easily.

How does it work?
The UPI system works on the Immediate Payment Service. This service is used for net banking. If you generate your UPI PIN number in the smartphone, then it is your account number in a way. Through this, you can make transactions other than payment of bills.

How to use UPI,
tell that every bank has a separate UPI app. You can go to your smartphone’s play store and find your bank’s UPI app and download it. After installing it, it has to be signed in. Then you can create a UPI account by entering your bank details there.

Prazwol gupta , content writter and digital marketing at techbezz.com and greatindiaexpress.com and more

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