From Cash to Clicks: Understanding the UPI Phenomenon

The Unified Payments Interface (UPI) has emerged as game-changer in the realm of digital payments, revolutionizing the way transactions are conducted in India. The topic is crucial due to its profound impact on financial inclusion, economic growth and technological advancement.
In this session we explore the transformative impact of UPI technology on the financial landscape and its significance as a technical innovation.
The discussion begins with an overview of UPI and then we delve into the underlying architecture of UPI highlighting its interoperability across different banks and payment service providers, and its integration with various payment applications. Next, we examine the key features and benefits of UPI including its simplicity, speed and security which have contributed to its widespread adoption among consumers and merchants alike. Lastly, we discuss the prospects of UPI envisioning its continued growth and evolution as a catalyst for innovation in the fintech industry.