Unified Payments Interface.
digital payment system for inter-bank transfer in India
Apple Pay Expected to Launch in India Next Month With Axis Bank
Apple Pay is set to launch in India next month starting with Axis Bank's credit cards, with talks continuing with HDFC Bank and ICICI Bank to join on commercial terms. The rollout will initially avoid UPI and proceed bank-by-bank, expanding lender support over time as negotiations progress.
Tech · 8 sources · Sep 18, 2026Read it
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About Unified Payments Interface
Unified Payments Interface (UPI) is an Indian instant payment system and protocol developed by the National Payments Corporation of India (NPCI) in April 11th 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts using only a unique UPI ID. It runs as an open source application programming interface (API) on top of the Immediate Payment Service (IMPS), and is regulated by the Reserve Bank of India (RBI). Major Indian banks started making their UPI-enabled apps available to customers in August 2016, and the system is today supported by almost all Indian banks.
Everything about Unified Payments Interface →- Country
- India
- Inception
- April 11, 2016
- Website
- https://www.npci.org.in/what-we-do/upi/product-overview