Presentation

on
Impact of UPI on the world payment ecosystem

SUBMITTED TO:

PRESENTED BY:
INTRODUCTION OF UPI
Unified Payment Interface(UPI) is a system that provides the facility to
immediate online payment .

UPI introduced by National Payment Corporation of India (NPCI).

Launched to enable instant fund transfer between banks.

KEY FEATURES OF UPI
Real-time interbank transactions
24x7 availability.
Use of Virtual Payment Addresses
Simple to use.
Secure payment.
WHO IS BEHIND THE UPI ?
 NPCI ( National payments corporation of India ).
Umbrella organization for all retail payment system .
Set up by RBI And IBA in April 2009.
It launched the IMPS(Immediate payment service ).
It launched the RuPay card.
UPI vs Traditional Payment Methods
IMPACT ON INDIAN ECONOMY
Increased digital transactions.
Boost to Small and Medium Enterprises (SMEs).
Reduced dependency on cash.
Cost savings.
Global Recognition.
HOW TO MAKE UPI TRANSACTION ?
Selecting a contact / entering mobile number.

Scanning a UPI QR code.

Entering account number & IFSC.

Entering UPI ID.

IMPACT OF UPI ON INDIA’S DIGITAL PAYMENT
ECOSYSTEM
Amount of black money in the market can be reduced.
Control unauthorized transaction that can be conducted easily through
cash.
Reduction in the hard cash would helps to avoid tax frauds which would
drive growth in india’s tax income.
Boast the number of tax payers.
GLOBAL RECOGNITION OF UPI
 Global Implication of UPI
 Cross Border Transactions
UPI has the potential to simplify and accelerate cross- border transaction.
Financial Inclusion worldwide
UPI’s model could serve as a blueprint for other nations seeking to enhance
financial inclusion.
Competition and Innovation
UPI’s success could drive innovation and competition in the global payment sector.
Economic Growth
UPI’s impact on economic growth in India could inspire other countries to invest in
digital infrastructure.
GLOBAL IMPLICATION OF UPI
Consumer Behavior shift.
Global Collaboration.
Security and Trust.
WHY COUNTRIES INTERESTED IN
INDIA’S UPI SYSTEM
Due to the efficiency and success demonstrated by India's UPI.

Countries like Singapore, Australia, Nigeria, and the UAE.

The simplicity, interoperability, and widespread adoption the UPI.

Other countries is also seeking to replicate its success in their own

payment infrastructure.