UPI was launched in 2016 by the National Payments Corporation of India (NPCI). You can pay with a UPI ID, a QR code or a phone number, at any time of day. Never enter your UPI PIN to receive money, a common trick used by fraudsters.
Finance glossary
What is UPI?
Unified Payments Interface, India's real-time system for sending money instantly between bank accounts using a mobile app.