[1] Since the mid-2010s many countries have implemented instant payment systems that speed up the transfer between bank accounts in response to customer demand for faster transactions.
The growth of e-commerce since the 2000s has caused a change in people's spending patterns and expectations.
Shopping is no longer confined to regular business hours, creating new challenges for funds transfers.
[3] Similarly, merchants require faster and more reliable money transfer systems to keep up with consumers' demands.
Mobile Number Sound Pattern[25][26] Bank Account Number with IFSC Foreign Inward Remittance Payments without Internet/Network (UPI Lite X) Feature phone compatibility[27] UPI OneWorld (for tourists) ATM Withdrawal International Payments[28] Bank Account Number with IFSC.