A Unified Payment Interface (UPI) is a single window mobile payment system launched by the National Payments Corporation of India (NPCI).
The system is designed to provide a simple, secure and convenient “single interface” to enable sending and receiving of money using smartphones through a "single identifier" which can be a virtual address like an email ID, mobile number or Aadhaar number (like the Social Security Number). It eliminates the need to enter bank details or other sensitive information each time a customer initiates a transaction.
UPI ensures seamless settlement across accounts. It would facilitate push (pay) and pull (receive) transactions, works for over-the-counter or barcode payments as well as for multiple recurring payments such as utility bills, school fees, etc.
The system is based on a single identifier, it allows mobile payments to be delivered without the use of credit or debit cards, net banking or any need to enter account details ensuring greater safety of sensitive information and connects people who have bank accounts via smartphones to carry out hassle-free transactions.
Performing a UPI (Unified Payments Interface) Transaction
- Enter your Virtual Payment Address (VPA) and proceed to pay.
Note: Virtual payment address (VPA) is a user-generated unique identifier for each bank account. All payment addresses are in the format abc @bank, where abc can be chosen by the customer.
- A payment collection request for the transaction amount is sent to the bank on this VPA.
- You will receive a mobile notification in the banks UPI app prompting you to authenticate the transaction with your 4 digit MPIN (Mobile Banking password)
- Accept the transaction and the payment is complete.
Note: You will receive a payment request from CCAvenue in your UPI payment App. Kindly authorize and confirm the request to complete payment.