In wake to present demonetization ,we have a now cashless channel started by some banks call UPI (Unified Payment interface) . In layman terms UPI is nothing but a email ID kind of thing where each customer will have a unique ID which will be mapped to their bank account. Here customer need not to tell account no. ,Account holder name or his bank IFC code.

Unified Payments Interface (UPI) is a system that powers multiple bank accounts (of participating banks), several banking services features like fund transfer (P2P), and merchant payments in a single mobile application.[2] UPI was launched by National Payments Corporation of India with Reserve Bank of India's (RBI) vision of migrating towards a 'less-cash' and more digital society. UPI has built on the Immediate Payment Service(IMPS) platform.

UPI platform can be used for:

1) Immediate money transfer through mobile device round the clock 24*7 and 365 days.
2) Single mobile application for accessing different bank accounts
3) Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number; IFSC etc.
4) Bill Sharing with friends.
5) Merchant Payment with Single Application or In-App Payments.
6) Scheduling PUSH and PULL Payments for various purposes.
7) Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based payments.
    Donations, Collections, Disbursements scalable.

How to Create Virtual address for customer ?

In order to create a virtual address customer need to register for UPI service via their respective bank apps or some third party apps are also there to register.

Your virtual address will be like a email ID for example if you have a Bank account in SBI then your Virtual address will be like this [XYZ]@sbi . If you have account in HDFC then your virtual address for your account will be something [xyz]@hdfcbank  ( bracket is not part of virtual address)

List of participating Banks which provide UPI service currently ( other bank are  in process to implement)

Sr. No	Bank Name	Name of UPI App
1	State Bank of India	SBI  Pay
2	ICICI Bank	Pockets – ICICI Bank
3	HDFC	HDFC Bank MobileBanking
4	Andhra Bank	Andhra Bank ONE
5	Axis Bank	Axis Pay
6	Bank of Maharashtra	MahaUPI
7	Canara Bank	Canara Bank UPI – Empower
8	Catholic Syrian Bank	CSB UPI
9	DCB
10	Federal Bank	Lotza
11	Karnataka Bank	KBL – Smartz
12	Punjab National Bank	PNB UPI
13	South Indian Bank	SIB M-Pay (UPI Pay)
14	United Bank of India	United UPI
15	UCO Bank	UCO-UPI
16	Union Bank of India	Union Bank UPI
17	Vijaya Bank	Vijaya UPI App
18	OBC	OBCUPI PSP
19	TJSB
20	IDBI Bank
21	RBL Bank
22	Yes Bank	Yes Pay Wallet and PhonePe
23	IDFC
24	Standard Chartered Bank
25	Allahabad Bank
26	HSBC
27	Bank of Baroda
28	Kotak Mahindra Bank
29	IndusInd

State Bank of India (SBI), the launch of mVisa, a mobile-based payment solution. This helps customers to make payments from their smartphones just by scanning the unique merchant QR (Quick Response) code, at merchant outlets.

mVisa is a card-less solution which facilitates payment by scanning the QR code displayed at the merchant outlet or from the merchants mobile. SBI customers (both Debit Card holders as well as Internet Banking customers, having transaction rights) You can do  easy payments to the merchants by simply scanning QR code image hence there is no  need to swipe the physical card at a point-of-sale (PoS) machine. Bank customer can simply download the latest version of SBI Anywhere application, from ‘Google Play Store’ and need to register for mVisa payments by simply clicking the mVisa icon on the home screen.

 SBI mVisa merchant app is also available in ‘Google Play Store’ and is used for receiving the payment notification, generation of static and dynamic QR codes, viewing transaction history etc. by the merchants. SBI mVisa merchants can accept payment from any mVisa customers. While in case of static QR code amount is filled by the mVisa customer himself, in case of dynamic QR code amount can be filled by merchants and can be authorized by the customer after scanning of QR code.

 Any Bank mVisa customer can transact on any mVisa merchants and likewise any mVisa merchant can accept payment from mVisa customers of any bank. It provides convenience of quick transaction, along with enhanced security,

The best part of this sericce is that  customers need not to  share their's Card or Mobile with the merchant anytime during the payment process.

In order help to urban consumers, Ministry of  Petroleum and Natural Gas, has launched an online payment facility for booking LPG refill cylinders.Earlier this facility was only limited for Booking but now consumer can pay for booking also online.

Now Consumers can now refill their LPG cylinders at any time and get them delivered. They need not to worry about change or to have cash. They can pay the exact amount online via payment gateway

This will be a boon  for  working couples as well as to senior citizens as they can make the payment online without bothering to keep adequate cash at home.

Consumers can avail the service through web portal www.mylpg.in,  or user can visit correpondin g LPG company website http://my.ebharatgas.com/  https://indane.co.in  http://myhpgas.in/ which is available in 13 languages.Apart from this  consumer can carry out all LPG activities like booking, tracking, receipt of subsidy details etc.