Curriculum UPI and Digital Payments in India
UPI and Digital Payments in India
How UPI works and why it matters: what it is, the India Stack, how a payment works, the major apps, the zero-MDR debate, financial inclusion, fraud and safety, global expansion, credit and new features, broader economic effects, resilience, and a recap.
- What UPI Is The Unified Payments Interface lets anyone send money instantly from one bank account to another using a phone, with no card and no fees for most users. 📄 Read-aloud
- The Building Blocks: Aadhaar, Jan Dhan and Mobile UPI stands on India's public digital infrastructure, sometimes called the India Stack, including bank accounts, digital identity and cheap mobile data. 📄 Read-aloud
- How a UPI Payment Works Behind the Scenes When you pay, your app, your bank, NPCI and the receiver's bank all take part in seconds. 📄 Read-aloud
- PhonePe, Google Pay, Paytm and the App Market A few apps handle most UPI payments, with PhonePe and Google Pay together holding the large majority. 📄 Read-aloud
- Who Pays for UPI? The Zero-MDR Debate Merchants pay no fee on UPI, so apps and banks earn little from payments, raising questions about how the system will be funded. 📄 Read-aloud
- UPI and Financial Inclusion UPI brought tens of crores of people and merchants, from vegetable sellers to large stores, into digital payments. 📄 Read-aloud
- UPI and Digital Payments in India: Checkpoint 1 Quick checkpoint - five questions on upi and digital payments in india. 5 questions
- Fraud, Scams and Safety As UPI grew, so did fraud, and users must guard against phishing, fake QR codes and social engineering. 📄 Read-aloud
- UPI Goes Global India has linked UPI with systems in other countries, such as Singapore, the UAE, Bhutan and Nepal, to make cross-border payments cheaper and quicker. 📄 Read-aloud
- Credit on UPI and Newer Features UPI now supports credit lines, RuPay credit cards, small-value offline payments and features like autopay and biometrics. 📄 Read-aloud
- UPI and the Wider Economy UPI has reduced the use of cash, changed how businesses and governments transfer money, and shifted banking and retail. 📄 Read-aloud
- Resilience, Limits and Risks UPI must handle huge volumes reliably, and outages, concentration and limits raise concerns. 📄 Read-aloud
- UPI: Recap A recap of how UPI works and why it matters. 📄 Read-aloud