Imagine it’s a bustling Monday morning. The city is waking up, and so are you, with your eyes barely open and a coffee cup in hand. You head to the nearest subway station, ready to dive into the daily commute. But instead of fumbling for change or waiting in line to buy a ticket, you simply pull out your card or smartphone and give it a quick tap on the turnstile....
In an era where digital transactions are becoming the norm, the Unified Payments Interface (UPI) has emerged as a game-changer. Launched in 2016 by the National Payments Corporation of India (NPCI), UPI has revolutionized how people manage their financial transactions. By integrating various payment systems into a single platform, UPI offers a seamless and efficient way to handle financial activities. This article delves into what makes UPI so popular, how it functions, the technology behind it, and its influence on global payment systems....