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UPI is regulated by the National Payments Corporation of India (NPCI). UPI was launched in India on April 11, 2016. It was launched by the Reserve Bank of India (RBI) and NPCI in collaboration with various banks and payment service providers. What is the full form of UPI? The question asks for the full form of the acronym UPI, which is widely used in digital payments. UPI stands for Unified Payments Interface . It is a real-time payment system developed by the National Payments Corporation of India (NPCI). People often start by searching “ upi full form .” It stands for Unified Payments Interface —the idea is right there in the name. One interface unifies many banks and many apps so money can move smoothly. A UPI ID (also called a VPA—Virtual Payment Address) looks like an email handle, for example name@bank. What is UPI ? Full Form & Meaning UPI stands for Unified Payments Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI). UPI allows users to: Link multiple bank accounts in one mobile application. Transfer funds instantly between banks using ...