Skip to main content
Sujai Adithya
Business Development and Banking & Financial Services Expert
Asked a question last year

What are the features and advantages of UPI?

Where am I?

In Safejob Community you can ask and answer questions and share your experience with others!

Sujai Adithya
Business Development and Banking & Financial Services Expert

Features of UPI4:

  • Payment systems should be simpler. Transfer of money should be done with just an identifier without having any complex details to hand. It should be done at a simple click.
  • Innovation is a major aspect. Both the payer and payee shouldn’t face any difficulties.
  • The solution needs to have strong and efficient data protection.
  • The adoption of this app needs to be scalable to a billion users and even large scale adoption also.
  • In the coming 5 years, the number is expected to rise 500 million users of smartphones. So the solution should be channelized in a proper mechanism to take full advantage of that.


  • The UPI will have a significant control over current systems and can take mobile payments to next level.
  • The UPI is supported by the aadhar system. It is based on the unique identification code and it is ensured that each transaction happens between two persons.
  • UPI will create a new ecosystem so that it will offer simpler and instant solutions to the customers. There will be no entry barriers for start-ups and for small businesses as it will solve the problem of collecting money for products and services.
  • It is a very significant move, as the service can be provided to the merchant with the help of the smartphone at the place of business.
  • It is a big platform for a growing economy like India. There will be no paper money and consumers will not be facing any barriers.

Related Questions

Question Stats

Asked a question last year
Views this month