Context: RBI and NPCI launched UPI Tap-and-Pay, enabling RuPay credit-card payments without QR codes or OTPs for transactions up to ₹5,000.UPI: Unified Payments Interface, developed by National Payments Corporation of India (NPCI); enables instant ba...

UPI: India’s Digital Payments BackboneUnified Payments Interface (UPI) enables instant bank-to-bank payments by connecting users, banks and payment apps through infrastructure operated by the National Payments Corporation of India (NPCI).In July 2026...