"Walled Gardens" in UPI

4 minute read Published: 2022-03-24


UPI is India's Domestic(for now) cross bank Payment solution. When registering on the platform, You can create some UPI IDs(or Virtual Private Addresses, VPA. I'll be calling this VPA from here on) which look like @. Then, Anyone else on the platform can send you money using your VPA and nothing else. The payments are instant and there is no transaction fee for now.