# Unified Payment Interfaces The National Payments Corp of India Introduces One Click for Payments By Meghan Young | Published 2015-03-17 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/unified-payment-interface References: [moneycontrol](http://www.moneycontrol.com/news/business/one-click-for-all-payments-npci-to-implement-upi_1307506.html) & [npci.org.in](http://www.npci.org.in/) The [National Payments Corporation of India](https://www.trendhunter.com/trends/cashfree-payments) (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." ## Trend Insights (Trend Hunter) - Score: 3.0/10 - Popularity: 27% | Activity: 55% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) ## Key Themes ### Key Themes Behind This Trend - **Unified Payment Interface:** The introduction of NPCI's Unified Payment Interface has simplified the purchasing path and created possibilities for cashless systems. - **Mobile Payment:** The use of mobile numbers in place of bank account details for payments creates a user-friendly experience and convenience, paving the way for more mobile payment options. - **Simplifying Payment:** The whole focus on simplifying payment creates opportunities for businesses to create innovative solutions that provide a seamless and hassle-free payment experience for customers. ### Where This Applies - **Banking:** The Unified Payment Interface has created opportunities for smaller banks to offer e-wallet services without the need for extensive infrastructure investment, enabling them to compete with larger banks. - **Fintech:** The use of mobile numbers as a payment measure opens up opportunities for fintech companies to create new and innovative services that make it easier for people to transact in the digital economy. - **E-commerce:** The Unified Payment Interface streamlines the checkout process, increasing the likelihood that consumers will complete their purchase, which could lead to an increase in e-commerce transactions. ## Related on Trend Hunter - [Comprehensive Indian Payment Tools](https://www.trendhunter.com/trends/bharatpe.md) - [Digital Income Tax Payments](https://www.trendhunter.com/trends/phonepe-1.md) - [Unified Payment Links](https://www.trendhunter.com/trends/supercash-link.md) - [Instant Payment Cellphones](https://www.trendhunter.com/trends/nokia-105-classic.md) - [Virtual Banking Environments](https://www.trendhunter.com/trends/uni-verse.md) - [Subscription-Based ROI Codes](https://www.trendhunter.com/trends/cashfree-payments.md) - [Unified Payments Platforms](https://www.trendhunter.com/trends/payload.md) - [Instant Payment Platforms](https://www.trendhunter.com/trends/paywint.md) - [Multi-Use Non-Payment Wallets](https://www.trendhunter.com/trends/google-wallet-1.md)