Published Paper Details:

Unified Payments Interface (UPI) in India as a unified payment solution to automate and standardize the country's various payment platforms. The National Payments Corporation of India (NPCI) developed UPI as an architecture framework with standard Application Programming Interface (API) specifications to create interoperability and improve the customer experience. UPI allows users to easily and securely transfer funds between bank accounts and make merchant payments using various identifiers. This study aims to analyse the UPI payment system in India and its potential future in the digital payment ecosystem. The objectives of this study are to examine the various applications of UPI, to investigate the adoption and usage rates of UPI in India, and to explore the future of UPI in digital payments. Data was collected through primary and secondary sources, including online surveys and literature reviews. This research paper reveals that UPI has become a popular payment option in India, with increasing adoption and usage rates. The future of UPI in India looks promising, with continued growth, innovation, and increased adoption expected. This study provides valuable insights into the potential of UPI in the digital payment ecosystem and its role in India's vision of a cashless economy.