Unified Payments Interface (UPI)

URI: https://gptkb.org/entity/Unified_Payments_Interface_(UPI)

GPTKB entity

Statements (59)

Predicate	Object
gptkbp:instanceOf	instant real-time payment system
gptkbp:acceptsPaymentMethod	pull (request money) push (send money)
gptkbp:access	gptkb:OTP device binding mobile PIN (MPIN)
gptkbp:countryOfOrigin	gptkb:India
gptkbp:currency	gptkb:Indian_Rupee_(INR)
gptkbp:dailyTransactionVolume	over 300 million (as of 2023)
gptkbp:developedBy	gptkb:National_Payments_Corporation_of_India
gptkbp:enables	peer-to-peer payments merchant payments inter-bank transactions
gptkbp:fareControl	mostly free for users
gptkbp:features	end-to-end encryption two-factor authentication device fingerprinting
gptkbp:globalPresence	gptkb:Bhutan gptkb:France gptkb:Malaysia gptkb:Mauritius gptkb:Nepal gptkb:Oman gptkb:Singapore gptkb:Sri_Lanka gptkb:UK UAE
gptkbp:governingBody	gptkb:NPCI
gptkbp:headquarters	gptkb:Mumbai,_India
https://www.w3.org/2000/01/rdf-schema#label	Unified Payments Interface (UPI)
gptkbp:launched	2016
gptkbp:logo	https://www.npci.org.in/PDF/npci/upi/UPI-Logo.png
gptkbp:monthlyTransactionVolume	over 10 billion (as of 2023)
gptkbp:openAPI	yes
gptkbp:popularApps	gptkb:PhonePe gptkb:BHIM gptkb:Google_Pay gptkb:Amazon_Pay gptkb:Paytm
gptkbp:products	gptkb:RuPay gptkb:BBPS gptkb:AePS gptkb:NACH
gptkbp:regulates	gptkb:Reserve_Bank_of_India
gptkbp:relatedStandard	gptkb:IMPS gptkb:NEFT gptkb:RTGS
gptkbp:supports	QR code payments mobile platforms virtual payment addresses (VPA)
gptkbp:supportsLanguage	multiple Indian languages
gptkbp:totalTransactionValue2023	over $1.5 trillion
gptkbp:transactionLimit	varies by bank, typically ₹1 lakh per transaction
gptkbp:usedBy	third-party apps payment service providers banks in India
gptkbp:website	https://www.npci.org.in/what-we-do/upi/product-overview
gptkbp:bfsParent	gptkb:Nandan_Nilekani
gptkbp:bfsLayer	5