• Mobile Payment

    Forum of India







  • Why Mobile Payments?

    • 700 million plus mobile phone users in India

    • IMPS (Immediate Payment Service) transactions cross 175 million, and cross ₹1.4 trillion in value in December 2018

    • UPI (Unified Payments Interface) transactions cross 600 million, and cross ₹1 trillion in value in December 2018

    • December, 2018: IMPS (member banks): 394, and UPI (live banks):129

    The numbers say it all!
  • UPI

    UPI (Unified Payments Interface) is an instant real-time bank-to-bank payment system.


    Check out the video below for an introduction to UPI.

  • Get Started

    It only takes a couple of minutes to get started!

    See the FAQ section for additional details.


    download a UPI application

    Download your Bank's UPI app, or a UPI app by a third party


    set VPA (Virtual Payment Address) and UPI PIN

    You need to set your VPA, and a UPI PIN (needed for transacting)


    start sending / receiving money

    That's it! You are ready to send or receive money from your mobile phone

  • FAQ

    Here are a few

    Frequently Asked Questions

    Why should I care?

    Mobile-based payment systems, like UPI, offer tremendous convenience; they are fast, easy, secure and available 24x7! If that is not enough incentive, you will help reduce cash and paper, and be environmentally friendly.

    What is UPI?

    Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an entity regulated by the Reserve Bank of India (RBI). UPI is built over the IMPS platform, and allows you to instantly transfer money between any two bank accounts.

    Which UPI application should I use?

    You have two options

    1. Download your Bank's UPI application 
    2. Download a multi-bank UPI application offered by 3rd party providers. Examples of such applications are: (a) BHIM, (b) PhonePe, (c) paytm, and (d) Google Pay .

    What is a UPI PIN?

    A UPI Personal Identification Number (PIN) is a 4-6 digit pin that you need to create the first time you register. You have to enter this UPI-PIN to authorise all transactions.

    What is a VPA?

    UPI enables bank account holders (of banks participating in UPI) to send and receive money using a Virtual Payment Address (VPA) without entering any additional bank information. A VPA is an identifier, which a user creates to identify their bank account in the UPI platform. For example, your VPA can even be: cooldude@sbi.

    What about security?

    The Reserve Bank of India (RBI) mandates the use of two factor authentication: so, your mobile SIM is authenticated, and you need to enter your UPI PIN to authorize any transaction.

  • About Us

    The Mobile Payment Forum of India (MPFI) was set up with the joint initiative of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad and Rural Technology Business Incubator (RTBI), IIT Madras in 2006 with a mission to enable mobile payments, and mobile financial services for everyone in India through secure, efficient and low cost transactions.


    MPFI is positioned as a solutions-oriented think tank, working across policy, business and technology platforms. MPFI has executive, policy, business, and technology committees. Members of these committees are from the stake holders of the payment system in India. The Executive Secretary of MPFI is Dr. VN Sastry (IDRBT), and the Chairman is Dr. Gaurav Raina (IIT Madras).

  • Committees

    Currently, the MPFI members are looking into the following areas.

    • User awareness 
    • Security and privacy 
    • UPI platform
    • Message formats for SMS banking 
    • Proximity payments, like NFC (Near Field Communication) 
    • Future solutions, which could include voice-based mechanisms 
    • Artificial Intelligence
    • Blockchain



  • Connect With Us

    Ask us questions & give us your suggestions!