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In October transactions reached one billion through UPI, It will give benefit in abroad soon

October 30, 2019
In October transactions reached one billion through UPI, It will give benefit in abroad soon

United Payments Interface (UPI) was launched on 11 April 2016 (three years ago from today). People have been using it a lot since launching. At the same time, in October this year, a transaction of 1 billion rupees has been done. Soon you will be able to pay abroad through this system Now people will soon be able to pay abroad through this system.

National Payments Corporation of India (NPCI) has started working on this. It will soon debut in Singapore and United Arab Emirates (UAE). RuPay card has already started here. The committee formed under the chairmanship of Nandan Nilekani on RBI's digital payments had suggested that NPCI should expand payment systems such as RuPay cards and beams outside India.

Companies like Facebook, Google have entered the UPI payment system. About UPI United Payments Interface (UPI) is a type of fund transfer facility. On which payment can be made through smart phone. It is based on the mechanism of internet fund transfer.

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