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Banking and Taxation

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UPI or Unified Payments Interface can be used via BHIM, Paytm, Google Pay, PhonePe and many other mobile apps of Banks. In this video, we discuss 11 benefits of UPI payment system and why it is better than Cash, Cheque, Credit Card, Debit Card, Digital Wallets, Online Banking like NEFT, RTGS, IMPS etc.

Nowadays UPI system is offered by all major mobile banking apps of banks like ICICI Bank,
UPI is a mobile banking system under Digital India campaign that will help India become a cashless economy. We will first understand what is UPI, how it compares with digital wallets or mobile wallets like Paytm, Phone Pe, Freecharge, Mobikwik etc. and then will see the major benefits of Unified Payments Interface.