# UPI (Unified Payments Interface)

> UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI).

- **URL**: https://dodopayments.com/glossary/upi-unified-payments-interface

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## What is UPI (Unified Payments Interface)?

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows users to link multiple bank accounts into a single mobile application, enabling instant fund transfers and merchant payments using a Virtual Payment Address (VPA).

### Why It Matters

- Simplifies the payment process by removing the need for bank account numbers or IFSC codes

- Supports 24/7 instant transfers between different banks in India

- Enables a wide range of transactions, from peer-to-peer transfers to merchant payments

- Drives financial inclusion by providing a low-cost and accessible digital payment platform

## Learn More

- [How payment localization increases ARR](https://dodopayments.com/blogs/payment-localization-increases-arr)
- [Best payment methods for SaaS businesses](https://dodopayments.com/blogs/best-payment-methods-for-saas)
- [Using UPI payments for global business](https://dodopayments.com/blogs/upi-payments-global-business)