India's UPI or the United Payments Interface clocked 6.78 billion transactions (Rs 11.16 trillion) in September 2022. UPI has gone international with 7 countries already accepting payments using UPI. UPI has revolutionised the way India transacts. Can the same be replicated globally?

How does it actually work in the real time and what's the story behind its tremendous success? Also how is it going to challenge the established global players like VISA and MasterCard in the coming years?

I have tried explain the history of NPCI, UPI Payment flow and future prospects of UPI in the video. In this education series I have tried to explain some of the relevant topics of our times in a simplified manner.

#UPI #NPCI #visa


00:00 - Intro
01:01 - History of NPCI
02:19 - UPI in Numbers
03:39 - Factors behind UPI's success
06:01 - How does UPI work?
08:57 - Payment Flow
11:34 - VISA the global monopoly
13:04 - MDR in UPI
14:24 - UPI poised for global domination



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