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What Really Happens When You Make a UPI Payment?

  • UPI payment involves a complex real-time system that integrates banks, apps, and national infrastructure to move money instantly.
  • The UPI transaction lifecycle is detailed, from initiating a payment to entering the UPI PIN and processing the transaction smoothly.
  • Important components in the UPI ecosystem include banks, apps, and the NPCI UPI SDK that ensures security during UPI PIN entry.
  • Understanding the intricate process behind UPI transactions helps in improving success rates and user trust in FinTech payment experiences.

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