There was a time when money transfer meant having to physically go to a bank and deposit money in the form of a cheque or cash into the account of the person or the firm where the money was to be transferred. Another way was to send a cheque, postal order, or demand draft.

Google presented its digital money transfer app Google Pay in 2017. It was officially launched in January 2018 when Google unified Android Pay and Google Wallet into one. It was originally named Google Tez but later rebranded to Google Pay. Google Pay is a UPI based transaction portal where money can be transferred between

What is a unified payment interface? UPI stands for Unified Payments Interface. In India, UPI is a real-time electronic payment system that allows users to transfer money instantly across bank accounts. It offers a simple and safe way for customers to link several bank accounts to one mobile UPI app to make money transfers.