What is the Impact of UPI on e-wallets? Have you been searching for rangoli lately instead of embracing your inner Picasso this Diwali? Were you ‘the responsible kid’ all of a sudden to pay all due bills on time this Diwali? If not, then you definitely had merrier means to celebrate the festival rather than grabbing the 'Cash back' from Google pay's smart Diwali offer. Google pay is a mobile-based application, which is facilitating real-time money transfer through UPI. What is UPI? We all might have come across or even used it recently. Let's understand it better.. Unified payment interface (UPI) is a unique user ID that a bank uses to accomplish real-time money transactions. The National Payments Corporation of India (NPCI) set up by the Reserve bank of India and the Indian Banks Association backs UPI. It facilitates the transfer of money between bank accounts and interconnectivity through IMPS (Immediate Payments Service), which is much faster than traditional NEFT. U...