Unified Payments Interface definition

Unified Payments Interface or “UPI” means the unified payments interface which is an instant payment mechanism, developed by NPCI.
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Unified Payments Interface or “UPI” has the meaning ascribed to such term in the Offer Documents.
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Unified Payments Interface or “UPI” shall have the meaning as given in the November 2018 Circular and means an instant payment system developed by the NPCI;
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Examples of Unified Payments Interface in a sentence

  • Domesti Stand 3% + 3 INR c ard For domestic transactions, notwithstanding anything to the payment Rate#: contrary stated in this Agreement, in line with Payment and s: Settlement Systems Act, 2007, no charges (including any MDR rates) will be levied on transactions undertaken through the following: (a) Debit card powered by RuPay; (b) Unified Payments Interface (UPI) (BHIM-UPI); and (c) Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code) (“Prescribed Payment Modes”).

  • You understand that the funds transfer for the purchase of Products on our digital platforms will be done by using an Electronic Payment Gateway facility for net banking, UPI (Unified Payments Interface), NACH mandate offered through a third- party net banking service provider registered with the Reserve Bank of India, through NEFT/RTGS, or any other facilities that may be provided by EEPL or any Product Provider, as the case may be (“Payment Facilities”).

  • At the time adding funds to the e-wallet, you are required to submit valid credit card or debit card information, internet banking information, Unified Payments Interface Information, and any other type of information based on the type of payment accepted by the Platform.


More Definitions of Unified Payments Interface

Unified Payments Interface means a payment mechanism that allows instant transfer of money between any two persons’ bank accounts using a payment address which uniquely identifies a person’s bank account;
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Unified Payments Interface means the unified payments interface which is an instant payment mechanism developed by the National Payments Corporation of India;
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