UPI - One app - 23 Banks

In view of currency demonetisation and its follow up events, awareness on digital payment platforms has been creeping up across the country. UPI (Unified Payment Interface) founded on 11th April, 2016 by NPCI (National Payments Corporation of India) can serve as a better option to make hassle free online banking transactions. UPI system was inaugurated with a aim of migrating powers people towards 'less-cash' and more digital society. This system powers multiple banks accounts of the participating banks and provides several banking services like merchant payments, fund transfer in a single mobile app. This has built on the IMPS(Immediate Payment Service) platform. UPI allows a bank customer to make payments directly from a bank account to different merchants, without the hassle of giving credit card details, net banking/wallet passwords or IFSC code, both offline and online. Participatory banks UPI apps are inter-operable. So that multiple bank accounts of a customer can be added to a single bank's UPI app. It is safe a option as the users only share virtual address and won't provide any other sensitive information. The UPI app of Axis Bank, Andhra Bank, Canara Bank, Bank of Maharashtra, Bhartiya Mahila Bank, ICICI Bank, Catholic Syrian Bank, Oriental Bank of Commerce, DCB Bank, Federal Bank, UCO Bank, TJSB Sahakari Bank, Union Bank of India, Karnataka Bank, United Bank of India, Punjab National Bank, Vijaya Bank, South Indian Bank, YES Bank etc are available on the Google Play Store.