UPI is being seen as a game changer in the world of banking. People are interested in this special medium of payment to such an extent that apart from India, neighbouring countries like Bhutan, Sri Lanka, UAE have also started making payments through it. It is so popular in India that today there are many apps related to UPI payment in everyone's phone.
Technology of India-Technology of India
Unified Payments Interface is known as UPI in short term. The unique initiative of making payment through UPI was taken towards India. In this sense, it is a completely Indian product, which is being used by the whole world. At the same time, it is being seen as a big change in the field of banking. Indian citizens are completely fond of this payment medium, but now many countries have also started making payments through UPI.According to media reports, America and China are also attracted by India's UPI system. It is believed that America's own UPI system could not be successful, because the citizens there were not able to use the money transfer system with this modern technology. According to media reports, the neighbouring country Pakistan is also ready to adopt the UPI payment system, but the Government of Pakistan is not using it due to security reasons.Important things related to UPIIt may be known that the UPI platform was launched in 2016. The National Payment Corporation of India (NPCI) is credited with creating it. Whereas it was implemented under the supervision of RBI. This is a kind of free of cost service. UPI payment gateway platform is available in India on apps like PhonPe, Paytm, Google Pay. On the other hand, if we look at the figures paid through this, in December 2021, UPI payment of Rs 12.82 lakh crore was made.
Technology of India-Technology of India
PM Modi has also PraisedThe country's PM Modi has also praised the UPI payment medium. Recently, a person shared a post related to UPI payment near a tailor on Twitter, retweeting which PM Modi said that this is a very common scene for the whole of India. The citizens of our country have shown remarkable acumen in adopting technology and innovation.The general public is also happy to use UPI method as it’s simple as well as time-saving method.For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world.