There was a time when people in the country were very afraid of doing online transactions. At the same time, after the introduction of UPI, a big revolution has been seen in the field of digital transactions in the country. Nowadays, digital transactions are being done on a large scale every day through UPI. At present, even big e-commerce companies and small shopkeepers are connected to the UPI network. UPI has made digital payments very easy. This is why UPI has proved successful in India.
After seeing the success of UPI in India, many other countries are also planning to adopt payment networks similar to UPI. UPI is developed by National Payments Corporation of India (NPCI). Today crores of people in the country are using UPI. At the same time, do you know about some special features of UPI? If not then today we are going to tell you about this. Let's find out –
If you use UPI then you must know about UPI Lite. With the help of UPI Lite, you can make payment even without entering the password. With the help of UPI Lite, you can pay up to Rs 1,000. UPI Lite also works in offline mode.
The best thing about UPI payments is that it lets you transfer money in real time, 24/7. The moment you send money to the concerned person's account, the money is transferred to his bank account. This is very beneficial for everyday transactions or during emergencies.
Secure transactions can be done with the help of UPI. It uses two-step authentication. UPI links a mobile PIN to a virtual payment address. With this you will not need to share important information like IFSC code.
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