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” 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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Unified Payments Interface or “UPI” has the meaning ascribed to such term in the Offer Documents.
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Examples of Unified Payments Interface in a sentence

  • Unified Payments Interface (UPI) is a payment system launched by National Payments Corporation of India and regulated by the Reserve Bank of India which facilitates the instant fund transfer between two bank accounts on the mobile platform.

  • Unified Payments Interface (UPI) only where facility is available at specific online platforms and upto a limit of Rs. 2 lakh, or as per guidelines of the participating banks.

  • Other Electronic Modes of Payment as per UPI id and QR code given below.• Unified Payments Interface (UPI) (BHIM-UPI)• Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code) Note: In case of (b) and (c) mode of payments, bidders are requested to send proof of the same, after completion of transaction, to the contact email given in the tender by giving reference of Tender number, Name of company/firm and mobile number.

  • Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.

  • Non-adherence to any other instruction of the Reserve Bank on payment transactions / through Unified Payments Interface (UPI) / Bharat Bill Payment System (BBPS)/ Bharat QR Code / UPI QR Code.

  • TRANSFER TO VIRTUAL PAYMENT ADDRESS (VPA) USING UNIFIED PAYMENT INTERFACE (UPI) Unified Payments Interface (UPI) from IPPB is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions based on Virtual Payment Address (VPA).

  • It is offered by National Payments Corporation of India (NPCI).UPI: Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.*99#: USSD based mobile banking service of NPCI was initially launched in November 2012.

  • ROLES & RESPONSIBILITIES OF NPCI (a) NPCI owns and operates the Unified Payments Interface (UPI) platform.(b) NPCI prescribes rules, regulations, guidelines, and the respective roles, responsibilities and liabilities of the participants, with respect to UPI.

  • Payment can also be made through (i) Debit Card powered by RuPay; (ii) Unified Payments Interface (UPI) (BHIM-UPI); and (iii) Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code).

  • In the first phase, PPI Issuers (both bank and non-bank entities) shall make all KYC- compliant PPIs issued in the form of wallets interoperable amongst themselves through Unified Payments Interface (UPI) within 6 months from the date of issue of this Direction.