How to use UPI to make any transaction1 min read 29 Jun 2018, 03:02 PM IST
If you are sending money instantly to another UPI account holder, UPI works faster than IMPS and NEFT mode of payments
While shopping online, you get payment options such as net-banking, credit cards and debit cards. Nowadays, most e-commerce companies also offer unified payments interface (UPI) to make payments. E-commerce companies such as Amazon and Flipkart offer UPI-based payment services. UPI is a bank account linked instant payment system. It enables you to transact money between two bank accounts. If you have a bank account with UPI-enabled member bank and a mobile phone, you can start using UPI. But before that you need to download the UPI-enabled app.