What ails govt's Unified Payments Interface?

As there is a lack of clarity on grievance redressal and reconciliation, customers need to be careful

Topics
Upi

Tinesh Bhasin
Last Updated at December 19, 2016 10:36 IST

Amitabh Kant, chief executive of Niti Aayog, has described United Payments Interface or UPI as one of the easiest payment systems in the world. One simply needs to know the Aadhaar card number or Virtual Payment Address of the receiver. Then, use your thumb to access your bank account and transact. The best part: You don’t have to remember any bank account details. Sounds simple?

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