The growing credibility of UPI! India’s online payment system spread in such a world – indian upi payment become global to be rollout in sri lanka
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what will be the advantage of it
Indians will be greatly benefited by the implementation of UPI payment across the globe. Means if you go to the country where UPI payment is applicable, then it will be easy for you to make the payment. Also, the Indian economy will be very strong, because it will be easy to do business in other countries from India. Along with this, the dependence on the dollar will also be reduced.
What is UPI?
UPI is known as the full form Unified Payment Interface. It is an instant payment system. With the help of this, Daily will be able to transfer a fixed amount between each other. Today, online payment system services like PhonePe, Google Pay and Paytm are available in India.
Why is Indian payment system unique?
Presently online payment system is available in online as well as offline mode. Meaning if you do not have mobile and internet, you will still be able to transfer instant payments. Along with this, you will be able to make online payment through smartphone as well as feature phone.
Same if you want to make payment up to Rs 2000, then you will be able to make online payment even without entering PIN. It was introduced in the name of UPI Lite.
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