Unified Payments Interface (UPI)
GPTKB entity
Statements (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
payment system
|
| gptkbp:allows |
real-time money transfer
|
| gptkbp:compatibleWith |
QR codes
|
| gptkbp:developedBy |
gptkb:National_Payments_Corporation_of_India_(NPCI)
|
| gptkbp:enables |
bill payments
recharge services |
| gptkbp:facilitates |
peer-to-peer payments
merchant payments |
| gptkbp:has |
security features
multiple payment options over 200 million users a mobile app interface over 50 billion transactions in 2021 |
| https://www.w3.org/2000/01/rdf-schema#label |
Unified Payments Interface (UPI)
|
| gptkbp:is_a_key_component_of |
India's_digital_economy
|
| gptkbp:is_a_model_for |
other countries' payment systems
|
| gptkbp:is_available_in |
multiple languages
multiple platforms |
| gptkbp:is_designed_to |
reduce cash dependency
enhance financial inclusion simplify payments |
| gptkbp:is_governed_by |
Reserve_Bank_of_India_(RBI)
|
| gptkbp:is_integrated_with |
banking apps
payment gateways various mobile wallets |
| gptkbp:is_known_for |
user-friendly interface
low transaction fees instant payments |
| gptkbp:is_part_of |
gptkb:Digital_India_initiative
|
| gptkbp:is_popular_among |
consumers
small merchants |
| gptkbp:is_recognized_for |
innovation in payments
international payment systems |
| gptkbp:is_supported_by |
government initiatives
multiple banks fintech companies |
| gptkbp:is_used_in |
gptkb:India
online shopping utility payments e-commerce transactions charity donations ticket bookings money transfers between individuals |
| gptkbp:launched |
April 11, 2016
|
| gptkbp:operatesIn |
24/7 basis
|
| gptkbp:products |
gptkb:National_Payments_Corporation_of_India_(NPCI)
|
| gptkbp:provides |
UPI_ID
|
| gptkbp:requires |
mobile number linked to bank account
|
| gptkbp:supports |
multiple bank accounts
|
| gptkbp:uses |
mobile devices
two-factor authentication |
| gptkbp:was_a_result_of |
government policy initiatives
collaboration between banks |