UPI system is operated by National Payments Corporation of India (NPCI). Since the transactions take place using VPA and without use of bank account details, only NPCI to which account every VPA is linked. Here the banks act as a receiver and sender of the funds. No direct involvement of banks is present in the transactions. It’s the NPCI which does the transaction.
Is UPI secure? Print
Modified on: Wed, 29 Jul, 2020 at 5:18 PM
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