How UPI
Has Changing Indian Economy
Basic Details
Brand Name -
UPI
Parent Company -
NPCI
Company Type -
Government
Founders -
Ncpi Team
Headquarters -
Mumbai, India
Area Served -
India
Founded Year -
2016
Company Value -
Non-Profit
About UPI
UPI is an Instant Realtime Payment Sysytem Developed By NCPI
UPI offers the Services Like Bank to Bank (peer to peer) & (peer to merchand) Scan and Send to merchand.
It Is an open Source API & Regulated by RBI And Currently it has 358 Banks Connected in this platform.
It is a Part of green Initiative to reduce the Useage of papers
Basic Details
Brand Name -
UPI
Parent Company -
NPCI
Company Type -
Government
Founders -
Ncpi Team
Headquarters -
Mumbai, India
Area Served -
India
Founded Year -
2016
Company Value -
Non-Profit
About UPI
UPI is an Instant Realtime Payment Sysytem Developed By NCPI
UPI offers the Services Like Bank to Bank (peer to peer) & (peer to merchand) Scan and Send to merchand
It Is an open Source API & Regulated by RBI And Currently it has 358 Banks Connected in this platform.
It is a Part of green Initiative to reduce the Useage of papers
NCPI Company Vision
We are paving way towards a less cash society by providing secure, instant, convenient and affordable payment solutions for all indians.
What Problem Does UPI Solves?
UPI Provides a solution for Instant money transfer system this system actually provides UPI Id and QR code which is actally linked to Bank account and Easy to Remember
Key users
User Info
Age : 18+
Location : India
Gender : No restrictions
Categories
People who hold a valid indian Bank Account and has to access to register through upi
Painpoints
Remenbering the Acoount Holder Intermation
Charges & Time taken to tranfer money
No Confirmation of transfer of money
Safe & Secure means of transfer
Goals
Tranfer Money Instantly with just single upi (easy to remenber) or by QR code
24/7 Availability & confirmation of amount Transfered
Safe & Secure means of amount transfer and quick
Vision Statement
In 2012, RBI Released a Vision Statement for the period of '4 - Years' Development of simple, secure & interpretable solution has to developed
Vision Statement
In 2012, RBI Released a Vision Statement for the period of '4 - Years' Development of simple, secure & interpretable solution has to developed
Initial Stage
In April 2016 RBI Released the UPI Payment system and its a open source platform, Upi was working good at a beta testing and when the scalability was increased the failure rate also was increased and monitoring the Error an optimized the service for failure rate started to decrease.
Initial Stage
In April 2016 RBI Released the UPI Payment system and its a open source platform, Upi was working good at a beta testing and when the scalability was increased the failure rate also was increased and monitoring the Error an optimized the service for failure rate started to decrease.
Present Stage
Presently UPI has a 365 Banks Live on this platform and on Oct 2022 UPI has crosses 10 lack Crores Valued Transactions were made & Also UPI solved the problem for Feature phone works on USSD based system and no internet is required
Present Stage
Presently UPI has a 365 Banks Live on this platform and on Oct 2022 UPI has crosses 10 lack Crores Valued Transactions were made & Also UPI solved the problem for Feature phone works on USSD based system and no internet is required