So customers can make faster payments to their peers and merchants. Therefore, customersĭo not need to know the payee's or payer’s IFS code, bank account details, etc. It allowsĪll account holders to send and receive money using their smartphones a single identifier – virtual payments address (VPA) commonly known as UPI ID – without entering any bank account information. It’s a one-stop solution for multiple bank accounts. Unified Payments Interface (UPI) is a platform provided by the National Payments Corporation of India (NPCI) to facilitate inter-operability amongst various banks.
Commercial Vehicle & Construction Equipment Loan.