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Unified Payments Interface (UPI) is a real-time payment system that allows people to transfer money between bank accounts instantly, without the need for any bank account details. UPI is an initiative of the National Payments Corporation of India (NPCI) and was launched in 2016.

UPI is a mobile-first payment system, which means it is designed to be used primarily through mobile devices. It allows users to send and receive money, pay bills, and make other transactions using their mobile phones. UPI works on a 24x7 basis, which means users can make transactions anytime, anywhere.

One of the key features of UPI is its use of Virtual Payment Address (VPA) instead of bank account details to make transactions. This makes UPI more convenient and secure, as users don't need to share their bank account details every time they make a transaction.

UPI also supports multiple bank accounts in a single app, which means users can link their different bank accounts to a single UPI app and manage them all from one place. This is particularly useful for people who have accounts with multiple banks.

UPI has become very popular in India, with millions of users and billions of transactions being processed every month. In fact, UPI has emerged as the most popular digital payment method in India, surpassing other payment methods such as credit and debit cards.

In addition to sending and receiving money, UPI also supports a range of other services such as paying utility bills, booking movie tickets, and ordering food online. This makes UPI a versatile payment system that can be used for a wide range of transactions.

Overall, UPI has revolutionized the way people in India make payments and has made it much easier and convenient for people to transact digitally.