Indian consumer tech has been one big hand-me-down movement. Flipkart’s an Amazon-wannabe; Ola, an Uber clone; and Zomato, a Yelp version. With payments, too, nothing unique had been created for India; not for the longest. That is until Unified Payments Interface (UPI) was introduced.

It was a payment system created specifically for India by the National Payments Corporation of India (which manages various payment standards in the country). It was imagined to be a payment system that works just like sending an email, complete with the person having a unique address. It is the closest thing to a one-size-fits-all payment solution as it can be used for peer-to-peer payments, peer-to-merchant payments, both online and offline.