TOPIC COVERED
1. What is UPI and Full form of UPI.
2. what is UPI ID and work.
3. How to do Start UPI and work.
4. How to use UPI.
1. What is UPI and Full form of UPI.
- Have you ever heard about online payment?
In today's time, more people use UPI, but among them there will be more people who do not even know the full form of UPI, That's why we have written this post specially for you.
As you know UPI is an online payment platform which is used by all. Initially UPI was developed by RBI (Reserve Bank of India) and NPCI (National Payment Corporation),
Full form of UPI
Full form of UPI
If you do not know the full form then let me tell you the full form of UPI
U = Unified
P = Payment
I = Interface
2. What is UPI ID and work.
As we know UPI ID is a is financial address.
It works exactly like an email id, just like an email id is an address. For example, if someone has your email id, then they can share any information with that person with the help of that email id .
We hope that you have understood correctly what is UPI ID.
3. How to start UPI Payment and work
As you know UPI payment is an online digital payment platform.
which everyone uses nowadays ,This is some example UPI ke like google pay, phonepe, amazon pay, paytm, mobikwik etc.These are all examples of upi , You can download any application from play store, and then start upi payment. After the application is successfully downloaded, you will see the option of add bank account or link bank account, click on it, then the list of all banks will be shown in front of you, Then in whichever bank you have an account, select it, as soon as you select it, the bank will send you an otp (one time password).After filling the OTP, you will see a new interface in which you have to enter the last six digits of the debit card, after entering the 6 digits of the debit card, the bank will again send you the otp , After filling Otp, then creat UPI PIN( personal identification number) The interface will come, you have to create any 6 digit UPI PIN,After creating UPI PIN, all your steps will be completed, after which you can start UPI payment.
Most of all you have to add bank account or link bank account. As soon as you add a bank account, your upi id is automatically generated and QR code is also generated. UPI IDs are very unique, and the most important thing is that UPI IDs are directly linked to your bank account, so whenever someone sends you money, it is directly deposited in your bank account.
4. How to use UPI
As we have told you everything, hope you have understood everything. Now let's talk about using it, by the way, there are many types of methods in any UPI application for transactions.like To contact, To UPI ID, To Bank account etc.
Apart from this, you can also do transactions by scanning the QR code.
Hope you have understood all this information.
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