Unified Payments Interface
Product type | instant real-time inter-bank payment system |
---|---|
Owner | NPCI |
Introduced | 11 April 2016 |
Markets | India |
Website | official page |
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.[1]
Service
Unified Payments Interface is a real time inter bank payment system with send or request money. Any UPI client app may be used and multiple bank account may be linked to single app. Money can be sent or requested with following methods
- Virtual Payment Address (VPA): Send or request money from/to bank account mapped using VPA.
- Mobile number: Send or request money from/to bank account mapped using mobile number.
- Account number&IFSC: Send money to bank account.
- Aadhaar:Send money to bank account mapped using Aadhaar number.
- QR code:Send money by QR code which has enclosed VPA, Account number and IFSC or Mobile number.
Mobile Apps
Any UPI app can use payment and transfer fund from and to UPI enabled banks. Major UPI Apps listed below
- Aditya Birla Payments Bank
- Allahabad Bank UPI
- Andhra Bank ONE
- AirTel Money
- Axis Pay
- BHIM
- BHIM IOB UPI
- BHIM LVB UPAAY
- Baroda MPay
- Canara Bank UPI - Empower
- Citibank UPI
- Cent UPI
- DCB Bank
- Dena Bank E-UPI
- Digibank by DBS
- Google Pay
- HDFC Bank MobileBanking
- HSBC SimplyPay App
- iMobile
- IDBI PayWiz
- IDFC Bank UPI App
- Indian Bank UPI
- Indus Pay
- KBL Smartz
- KVB Upay
- KayPay
- Lotza
- MAHAUPI
- MobiKwik
- OBCUPI PSP
- Pockets- ICICI Bank
- PhonePe
- Paytm
- PNB UPI
- PSB UPI
- RBL Pay
- Samsung Pay
- SBI Pay
- SIB M-Pay
- Standard Chartered UPI
- Synd UPI
- TranZapp
- UCO UPI
- Union Bank UPI
- United UPI
- Vijaya UPI
- Yes Pay
Supported banks
The website of National Payments Corporation of India lists the banks that facilitate UPI. Banks here are termed as Payment Service Providers (PSP) and issuers. PSP includes those banks which have their own mobile application to facilitate transaction and issuers include banks which don't have their payments interface and rely on third party software for transaction using UPI. The list of PSPs and Isssuers can be viewed here: UPI Live Members
- Aditya Birla Payments Bank
- Airtel Payments Bank
- Allahabad Bank
- Andhra Bank
- Axis Bank
- Bank of Baroda
- Bank Of India
- Bank of Maharashtra
- Canara Bank
- Catholic Syrian Bank
- Central Bank of India
- City Union Bank
- Digi Bank by DBS
- DCB Bank
- Dena Bank
- Equitas Small Finance Bank
- Federal Bank
- FINO Payments Bank
- HDFC Bank
- HSBC Bank India
- ICICI Bank
- IDBI Bank
- Infrastructure Development Finance Company
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu & Kashmir Bank
- Janta Sahakari Bank Pune
- Karnataka Bank
- Karur Vysya Bank
- Kotak Mahindra Bank
- Oriental Bank of Commerce
- Paytm Payments Bank
- Punjab & Sind Bank
- Punjab National Bank
- South Indian Bank
- Standard Chartered
- State Bank of India
- Syndicate Bank
- Lakshmi Vilas Bank
- RBL Bank
- Thane Janta Sahakari Bank
- UCO Bank
- Union Bank of India
- United Bank of India
- Vijaya Bank
- Yes Bank
- Bandhan Bank
- Dhanlaxmi Bank
- Corporation Bank
- G P Parsik Bank
- Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd
- Rajkot Nagari Sahakari Bank Ltd
- Thane Bharat Sahakari Bank
- The Mehsana Urban Co-Operative Bank
- Saraswat Bank
- Allahabad UP Gramin Bank
- Andhra Pragathi Grameena Bank
- Andhra Pradesh Grameena Vikas Bank
- Apna Sahakari Bank
- Assam Gramin Vikash Bank
- Baroda Gujarat Gramin Bank
- Baroda Rajasthan Kshetriya Gramin Bank
- Bassein Catholic Coop Bank
- Bihar Gramin Bank
- Chaitanya Godavari Grameena Bank
- Chhattisgarh Rajya Gramin Bank
- Citibank India
- Dena Gujarat Gramin Bank
- Dombivali Nagrik Sahakari Bank
- Jalgaon Janata Sahkari Bank
- Jio Payments Bank
- Karnataka vikas Gramin Bank
- Kashi Gomti Samyut Gramin Bank
- Kaveri Grameena Bank
- Kerala Gramin Bank
- Langpi Dehangi Rural Bank
- Maharashtra Gramin Bank
- Malwa Gramin Bank
- Manipur Rural Bank
- Meghalaya Rural Bank
- Mizoram Rural Bank
- Pragathi Krishna Gramin Bank
- Prathama Bank
- Punjab and Maharastra Co. Bank
- Purvanchal gramin Bank
- Rajasthan Marudhara Gramin Bank
- Saurashtra Gramin Bank
- Tamilnad Mercantile Bank
- Telangana Grameena Bank
- The Gujarat State Co-operative Bank Limited
- The Hasti Co-operative Bank Ltd
- The Kalyan Janta Sahkari Bank
- The Mahanagar Co-Op. Bank Ltd
- The SVC Co-Operative Bank Ltd
- The Vishweshwar Sahakari Bank Ltd
- The Cosmos Co-Operative Bank LTD
- Tripura Gramin Bank
- Uttarakhand Gramin Bank
- Vananchal Gramin Bank
- Vasai Vikas Co-op Bank Ltd
- A. P Mahesh Bank
- Baroda Uttar Pradesh Gramin Bank
- NKGSB
- Samruddhi Co-op bank ltd
- The Surat People Cooperative bank
- The Sutex Cooperative Bank
- The Urban Cooperative Bank Ltd Dharangaon
- The Varachha Co-op Bank Ltd
- Ujjivan Small Finance Bank
- Suco Souharda Sahakari bank
- Sarva Haryana Gramin Bank
- Deutsche Bank
- Telangana State Co Operative Apex Bank
- India Post Payments Bank