Understanding UPI: Functionality, Architecture, and Building Your Own Payment System | DevBnayak
10:09
YouTubeDev Binayak
Understanding UPI: Functionality, Architecture, and Building Your Own Payment System | DevBnayak
Unified Payments Interface (UPI) has revolutionised digital transactions in India, offering seamless, real-time payments. In this video, we'll dive deep into: What is UPI? Learn the basics and its significance in the digital payments ecosystem. How Does UPI Work? Understand the step-by-step flow of a UPI transaction. Internal Architecture ...
397 viewsJan 8, 2025
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1. NPCI (National Payments Corporation of India) NPCI is the umbrella organization for all retail payment systems in India. It was established in 2008 by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). It manages popular payment services like: UPI (Unified Payments Interface) – instant money transfer through mobile apps. RuPay Card – Indian domestic debit/credit card system. Aadhaar Enabled Payment System (AePS) – banking through Aadhaar authentication. IMPS (Immediate Payme
7:21
1. NPCI (National Payments Corporation of India) NPCI is the umbrella organization for all retail payment systems in India. It was established in 2008 by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). It manages popular payment services like: UPI (Unified Payments Interface) – instant money transfer through mobile apps. RuPay Card – Indian domestic debit/credit card system. Aadhaar Enabled Payment System (AePS) – banking through Aadhaar authentication. IMPS (Immediate Payme
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