Banking Simplified : Unified Payment Interface

The Indian banking sector has seen unprecedented growth along with remarkable improvement in its quality of assets and efficiency. Ten of the country's biggest banks along with the Reserve Bank of India have just launched a Unified Payments Interface (UPI) — a mega app that will sit on your smart phone once you have downloaded it and dramatically reduce the cost and time taken for making simple payments.

Apr 14, 2016, 14:15 PM IST