The National Payments Corporation of India (NPCI) has adopted a Unified Payment Interface. This allows customers to use their mobile number in place of bank account details to make a payment over the phone or on the Internet. By simplifying the purchasing path for people, the Unified Payment Interface ensures a user-friendly experience as well as optimal convenience.
A great option for smaller banks that don't have the proper infrastructure to create their own e-wallet, the Unified Payment Interface provides a slew of possibilities. NPCI states, "Whole focus on simplifying payment, idea is to go for largely cashless system. Not changing infra or getting new payment system so we are creating a facility whereby payments products can be launched by banks using imps."