UPI (Unified Payments Interface) is an instant real-time payment system which facilitates inter-bank transactions nationwide. Presently, it is one of the most preferred methods for digital money transactions in India. After the shift towards digital payment methods, there are several banks which have merged with UPI to offer the customers a convenient banking experience with just a click of a button. Interestingly, UPI is also provided by different chat platforms, as well as mobile wallets active in India. Several UPI Apps for Android and iOS has been launched to cater to the digital transfer of funds.
Also Read: Unified Payments Interface
Apps with UPI Features in India
UPI payment system is a smart platform through which a user can send & receive funds using Virtual Payment Address (VPA). This implies that the funds will be straightaway debited from the user’s bank account. UPI App is available for both Android and iOS systems. Here is a list of some popular apps that have adopted the UPI system for catering a wide range of customers:
It is one of the most famous payment apps which permit users to manage transactions using the UPI facility. PhonePe was founded in 2015 and is backed up by Yes Bank. You can add funds to your PhonePe wallet using the UPI ID, together with other payment modes, such as net banking, debit/credit card, etc. Moreover, customers are also allowed to initiate money requests via PhonePe with the help of UPI.