Unified Payments Interface definition

Unified Payments Interface or “UPI” means the unified payments interface which is an instant payment mechanism, developed by NPCI.

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;

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

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.

• 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.

• 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.

• 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).

• Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.

• BHIM is an app(available on the Google Play Store) launched by the NPCI in December 2016 that enables customers to make quick payments in a simple manner by using the Unified Payments Interface (UPI).

• It has also launched a portfolio of products such as the Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Bill Payment System (BBPS) and the National Electronic Toll Collection (NETC) to fulfil various niche requirements.

• The launch of the Unified Payments Interface (UPI) in August 2016 marked an important milestone in the progress of the electronic payment system.

• The Buyer shall make all payments in crossed A/c Payee Demand Drafts, Pay Orders, Banker’s Cheques in favour of the Corporation or by means of Electronic Transfer Debit card powered by RuPay, Unified Payments Interface (UPI), (BHIM-UPI), Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code) in Bank Account of the Corporation only.

More Definitions of Unified Payments Interface

Unified Payments Interface means the unified payments interface which is an instant payment mechanism developed by the National Payments Corporation of India;

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;