The Working of UPI Payment Decoded | One Byte At a Time Ep #4 | Unified Payment Interface | SCALER
Вставка
- Опубліковано 15 лип 2024
- One Byte at a Time is a series in which we decode the logic behind tech that you use on a daily basis. In this episode, we discuss how UPI works and how it has revolutionised payment methods. Check out our FREE masterclasses by leading industry experts now: www.scaler.com/events?...
What is UPI?
UPI or unified payments interface is a real-time, single-window payment programme developed by the National Payments Corporation of India. In layman’s terms, UPI is a payment interface that allows you to transfer payments in real-time from one bank account to another. UPI enables you to transfer cash safely, discreetly, and efficiently without disclosing any bank-specific information.
UPI is gradually becoming the most popular method of digital payment. Its interface is interoperable with the vast majority of banks and digital wallets. Google Pay, Paytm, and PhonePe, are a few of the most popular UPI payment apps.
The primary goal of the UPI launch was to create a cashless economy. And it has since dramatically altered the way we pay bills, shop, and send money to family members.
But how has UPI made payments so simple? What is the mechanism behind it?
Most importantly, is it truly as safe as it claims to be?
Learn more in this episode of One Byte at a Time.
Topics covered:
0:00 - Introduction
1:24 - What is UPI?
1:49 - How does UPI work?
3:31 - Transaction flow in UPI
4:15 - Architecture of UPI
6:00 - Payment apps integration with UPI
--------------------------------------- About SCALER -------------------------------------------------
A transformative tech school, creating talent with impeccable skills. Upskill and Create Impact.
Learn more about Scaler: bit.ly/3JGfjJS
📌 Follow us on Social and be a part of an amazing tech community📌
👉 Meet like-minded coder folks on Discord - / discord
👉 Tweets you cannot afford to miss out on - / scaler_official
👉 Check out student success stories, expert opinions, and live classes on Linkedin - / scalerofficial
👉 Explore value-packed reels, and carousels and get access to exclusive updates on Instagram - / scaler_official
📢 Be a part of our one-of-a-kind telegram community: t.me/Scalercommunity
🔔 Hit that bell icon to get notified of all our new videos 🔔
If you liked this video, please don't forget to like and comment. Never miss out on our exclusive videos to help boost your coding career! Subscribe to Scaler now!
ua-cam.com/users/Scaler?sub_co...
#upi #unifiedpaymentinterface #digitalpayment #onebyteatatime #scaler
Check out our FREE masterclasses by leading industry experts now: bit.ly/3JGfjJS
UPI Bharat ki ak mahan khoj hai ❤
Great content, we need more of it.
Absolutely awesome thank you for your good video
Thank you for this wonderful information
I really enjoy using this app.
I got very good information from this video.
UPI is very greatful system 🇮🇳.
Great content team👍
I really like this information video
Very cool video thank you for information
Nice video thank you so much
Insightful content
Very informative video
Great content yaar you are too good
Very impressive video
Good one from scaler.
Absolutely mind blowing video what is the next step
More video like this 🔥
Upi works very well
I use UPI everyday. i like it
Man, Scaler a great explanation. To the question asked at the end, will crypto/emoney take over UPI, yes there is a possibility or its possible that both can coexist. UPI payment with FIAT money and crypto with Digital Rupee coin. The governments world over will have pain with crypto as masking and money laundering very difficult to trace out the source. Atleast with UPI no such issues. Will western world like USA or China would allow UPI to flourish? Maybe not by bringing their own digital money. But the UPI model is very difficult to beat as there is no transaction fee involved unlike SWIFT. Surely very difficult to stop UPI from progress.
very good
superb video guys thank you
Do you know full form of Paytm?
🔥🔥🔥
Where the user data getting stored for authentication, as NPCI api are stateless . . . Technically how authorization happening
By connecting the cloud server and integrate that with security micro services
🔥
4:05
... add CC tokenization capability to the UPI echo system, allowing the holder to have a token, which interface via UPI to the PG... basically connecting the dots from mobile payments into the CC/Network schemes.
By CC do you mean Credit card ? Payment with credit cards is available with Indian Rupay credit cards.
Thanks for this wonderful byte.
How secure is the UPI where all the user data is authenticated? What is the level of risk and exposure to hackers involved in this system? With the growing digital world, security becomes the most important part in such transactions. Some insightful information on this would help the audience. Thank you.
Yes a good question. At the authentication level , only if the hacker is able to retrieve the information from server. Because at authorization level difficult to do because NPCI API’s are stateless.
Also the fact that authentication and authorisation servers are based in India, it makes the system more secure
❤
It's been a long time using debit card.
Does WhatsApp UPI also work fine?
The authentication here is with the sim
Interesting series.. Whats next?
Can we use Google Pay for large payments also?
Yep why not, but every payments application has a limit so you may read the t and c for that.
What is cost of scaler academy DSA fees
So why not just use contactless payments or bank to bank transfer? Same day bank transfer is free.
Which is good upi or net banking ?
Upi
Just humbug
Awesome!
Where is the architecture?
I want to know How is Tinder used?
Well,I was unable to understand anything
hehe bhai ne 5 rupees transfer kiye😂😂😂
Is it OK to use WhatsApp UPI?
❤❤❤