• It is an instant real-time payment system .
  • It works by instantly transferring funds between two Bank accounts on a mobile platform.
  • UPI is built over the principal of immediate payment service and is available 24*7.
  • You can transfer money by  Virtual Payment Address (a unique ID provided by the bank), Account Number with IFS Code, Mobile Number with MMID  (Mobile Money Identifier), Aadhaar Number, or a one-time use Virtual ID.