Understanding Credit Line on UPI and How to Use It

UPI makes sending money super easy. But what if your bank account balance is low? You don’t need to dip into your savings. That’s where the credit line on UPI helps. It’s a new feature backed by the RBI.  It lets you borrow small amounts instantly through your UPI app and pay merchants without touching …

What is a UPI Reference Number (UTR Number)? How Do You Track It?

A UPI reference number lets you conveniently make and track all your digital payments. Developed by the National Payments Corporation of India, UPI provides better security to your transactions and account details and reduces the chances of fraudulent activities. It allows you to send money from one account to another or initiate merchant payments effortlessly. …

What is VPA: Virtual Payment Address Meaning and How to Create One

Virtual Payment Address (VPA) in UPI or Unified Payments Interface is a unique identifier of your account. It is a system that bypasses the need for bank account numbers and bank IFSC. You can use VPA to send or receive money, make bill payments and initiate merchant payments. To learn more about VPA in payment, …

What is UPI ID & How to Register for UPI Payments?

Learning how to make a UPI ID or set a UPI PIN is an easy solution to enjoying seamless transactions. Thanks to digital advancements and the launch of the UPI facility, now you no longer have to visit a bank to transfer money. With the Unified Payment Interface (UPI), you can effortlessly transfer funds from …

List of UPI Payment Apps Available in India

In January 2024, UPI transactions touched a new record with 12.02 crore transactions amounting to ₹18.41 trillion. Thus, it doesn’t come as a surprise that we are at the forefront of digital transactions in terms of both value and volume. As India manages to dominate the digital payment landscape, the nation has also witnessed a …