UPI: Revolutionizing Digital Payment

Syllabus: Economy Source:  PIB  Context: Launched in 2016 by NPCI, India’s UPI has revolutionized digital payments, achieving record usage in October 2024 and showcasing India’s digital financial leadership. UPI and Its Unique Features: Round-the-Clock Transactions: Operates 24/7, including holidays, for seamless fund transfers. Single Interface: Integrates multiple bank accounts in one mobile application. Secure Authentication: …