How UPI Works: Real-Time Payments in India | Paypal | Zelle

In this video, we explore how UPI (Unified Payments Interface) has transformed real-time payments in India, making bank-to-bank transfers faster and more accessible than ever. We break down how UPI works, comparing it with global payment systems like PayPal, Alipay, Venmo, and Zelle. Learn how UPI differs from digital wallets, why it's free for users, and how it fits into the global payments ecosystem. If you're interested in the future of digital payments and real-time transfers, this video offers a complete breakdown.

0:00 – Introduction: UPI and Real-Time Payments in India
0:44 – How UPI Simplifies Bank Transfers
1:26 – UPI vs Payment Gateways and Payment Processors
3:00 – Step-by-Step Breakdown of a UPI Transaction
4:52 – Virtual Payment Address (VPA) and QR Code Payments with UPI
5:23 – API-Based Architecture of UPI: How It Works Behind the Scenes
6:03 – Global Comparison: UPI vs PayPal, Alipay, Venmo, and Zelle
9:15 – Conclusion: UPI’s Role in the Future of Global Payments

  / bytemonk  

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