Unified Payment Interface is a real time payment system that helps to transfer funds instantly between two banks with the help of mobile phone
Ever since the launch of UPI in August 2016 the face of digital payments has changed vigorously Today UPI has become the most preferred mode of payment Let us dive deep and understand what UPI 20 has to offer
Key Features of UPI 20
Secure QRcode payments
The QRcore on UPI 20 will include a certificate which will ensure that the money has been transferred in the right account
This feature will enable merchants to take credit using their overdraft account for making a transaction
Sending an invoice
An invoice of the purchased product can be generated and sent to the customer
Transaction limit Increased
UPI 20 has doubled the transaction limit to Rs 200000
UPI 20 allows you to block funds for future use
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