What is UPI App- Unified Payment Interface of India (Benefits & Send Money)

Hello Friends, UPI is a payment system which facilitates the fund transfer between two bank accounts. This payment system works on the mobile platform. Sending money through the UPI app is as easy as sending a message. You are not required to give bank account details for the fund transfer through the UPI payment system. UPI is one of the most advanced method among all the digital payments.What is UPI App- Unified Payment Interface of India (Benefits & Send Money)

Benefits of UPI:-

  1. UPI is revolutionary. It will make the banking transaction a breeze. The RBI governor Rajan considers the launch of UPI as the Whatsapp moment.
  2. The UPI transfers the fund immediately. No restriction of holiday or working hours. The bank strike will also not affect the UPI payments.
  3. You do not require the bank account number and IFSC code of the recipient.
  4. You can transact from many bank account through a single UPI app.
  5. You are not required to wait up to 24 hours to send money to a new payee. Anyone would get money immediately.
  6. You can send bills and get money once the client approves it.
  7. You can use the Cash on Delivery without paying cash to the delivery boy. Just approve the bill and the delivery boy would get confirmation.

Why UPI is Better Than IMPS?

  1. Till now I was using the IMPS method of fund transfer. It also transfers fund immediately, 24 x 7. But, UPI has some advantages.
  2. To send the money through the UPI, you don’t need to know about the bank of the recipient. It is necessary in the case of IMPS.
  3. To use the IMPS, you need the bank account number and IFSC code of the recipient.
  4. Only through the UPI, you can ask for the payments through the banking channel. In fact, one touch would complete the payment. You would agree that this method of getting payment would have more success rate.
  5. You can’t pay for online shopping through the IMPS. But UPI gives the easiest way of online payment.

Which UPI App should I Download:-What is UPI App- Unified Payment Interface of India (Benefits & Send Money)

  1. There are several UPI apps in the Google Play store. There are many apps e. g BHIM app, SBI Pay, Pockets, HDFC Mobile, iMobile, Phonepe, PNB UPI etc. You may be confused. Which App should you download?
  2. Should you download the UPI enabled app of your existing bank? Actually, you are free to download any UPI enabled app. It can be from your bank or from any other bank. Choose an App which has the better interface.
  3. However, I understand, that the obvious choice would be the app from your bank. But, don’t fret to try the other apps. You can start with the BHIM app. It is basic app and very simple.

How To Connect With Bank Account:-

  1. The UPI has made the fund transfer very easy. But It is not a mobile wallet. Unlike the mobile wallet, you are not required to credit money into the UPI app.
  2. Rather, the every fund transfers take place through your bank account. UPI app just acts as the link between you and your account. In other words, It has made the bank account transaction much easy and cheap.
  3. So, to establish the link between you and your account, you have to connect UPI app to your bank account. This is a one-time process. It is done when you download a new UPI app. The UPI payment system gives you liberty to connect many bank account to one VPA. In fact, you can add all of your bank account to one UPI app. However, BHIM app, links only one account at a time.
  4. While connecting to the bank account, you have to authenticate it through the card details and OTP. Once, your UPI app gets connected to a bank account, you can easily transfer fund to any person.

Send Money Through the UPI App:-upi send money

  1. To send money through the UPI app, you have to go through these steps.
  2. Open the UPI app using the passcode. The Passcode is mandatory to open the app.
  3. Click on Send money. Choose the bank account from which you want to send money. If you have linked one account, you are not required to choose. When you send money using BHIM app, you would not see this option because it links only one bank account at a time.
  4. Select the receiver. You can choose a receiver using the VPA as well as the bank account number and IFSC code. So, it is better to get the VPA of money recipient.
    Add the VPA, if it is not already added.
  5. Enter the amount and send the money. Before the final confirmation, you have to enter the MPin. In the BHIM app it is termed as the UPI PIN.
  6. The money immediately gets credited to the account of the recipient.

Security of UPI Payment:-

  1. The united payment interface is as much secure as internet banking or mobile banking. To transfer the money through the UPI app, one has to go through the two-factor authentication.
  2. To open UPI app, you have to give a PIN.
  3. To transfer the money, again you have to enter the MPIN or UPI PIN.
  4. All other transactions also go through these two two-factor authentication.


The UPI payment system is revolutionary. It makes the non-cash payment a very easy affair. Moreover, the NPCI is coming with new features of UPI. Soon the UPI 2.0 would be launched which has more flexibility, easy and wide reach. You should adopt this method of payment because it also reduces the black economy. To enjoy the benefits of UPI, you must try the one app from the best UPI apps of India.


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