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What is UPI 2.0?

Launched in August 2018, UPI 2.0 is the second version of the fund transfer platform. It supersedes the former version which was structured mainly to facilitate peer-to-peer transactions with a platform that also accommodates merchant payments. Through freecharge UPI 2.0, customers may be able to pre-authorize a transaction and pay on a later date. That said, there are multiple other features and benefits that the newly introduced upgrade would offer.

Last Updated: May 14, 2021

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