UPI 2.0 - The Biggest Fintech Revolution in the World

UPI 2.0 is bringing the biggest fin-tech revolution in the world. With BHIM 2.0 consumers can securely experience the latest efficient features of UPI.
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Time Stamps
00:00 - Intro
01:32 - How UPI became a success in India & the world?
02:24 - New features of UPI
02:41 - UPI and credit cards
03:15 - UPI Lite
04:38 - UPI 123
05:16 - UPI AutoPay
06:47 - Global Acceptance of UPI
08:45 - UPI’s benefits to Indian travelers and NRIs
About the Video
Unified Payments Interface (UPI) was launched in 2016 and today it has deeply penetrated the economy. It is seen as a safe and secure way to transfer funds, and 220 million transactions have been recorded daily. In this video, we will discuss UPI 2.0 and UPI new features that have been introduced by NPCI.
• Now users can link their credit cards to all UPI platforms. This means if you own a Rupay credit card and a smartphone then you can make your credit card transactions through your UPI app without using the card and still get all the rewards and cashback.
• UPI Autopay allows you to make recurring transactions without entering your pin every time.
• UPI Lite allows you to make small transactions up to Rs 200 and track significant transactions easily.
• UPI 123 Pay allows people to send money from basic phones . Just a missed call on the given number will do the job. No internet connection is required.
In this video, we’ll talk about the following concepts:
1. What is UPI 2.0?
2. UPI new updates in 2022.
3. UPI 2.0 Features.
4. What is UPI 2.0 mandate?
5. What is the UPI credit card link?
6. What is UPI Lite?
7. What is UPI Autopay?
8. What is UPI 123 Pay?
9. What is UPI technology?
10. New Bhim UPI 2.0 Features.
11. Evolution of Digital payments in India.
12. UPI success story.
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Connect with Us
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FACEBOOK - / assetyogi
LINKEDIN - / mukulm
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Website
assetyogi.com
#upi #upi2.0 #fintech

[@AssetYogi]

Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

[@JayPatel12928]

Man, I have been in US for 5+ years and have worked for VISA. Believe me, this tech is way ahead of its time, especially UPI Lite and UPI 123 and the whole seamless integration. People crib about rumors of transaction charges, etc, but what they don’t realize is this is being developed by a state owned organization and not any private company. Many don’t know how important this is, but believe me when I say this, whenever you do any transaction via VISA/Mastercard etc, you sell a part of you. Your data, your behavior, your privacy. I know UPI don’t have any plan to charge for transactions but even if they do, i'd say, its much better than selling something more.

[@Sana-ik8fo]

UPI like tech can only be started by state owned organisation, else RBI approvals are not easy and time consuming....Plus state will not allow any private entity to create an underlying structure for financial transactions....However, private entities can now make use of UPI...Win win for everyone!! So a good move by GOI

[@newindia4199]

Good information

[@Emporio10161]

Why r u living in usa come and live in india

[@sreyanshuchaterjee3962]

@@Emporio10161 why don't you love India?

[@sdproduction786]

@@sreyanshuchaterjee3962 🤣

[@gaurangsinghrajput5343]

Proud on our Developers and Engeeners....🙏🙏🙏🙏🙏🙏

[@aryankoli832]

That's Fantastic & Awesome 😍🇮🇳 Recently World bank president says :- India is a Leader in digitization 🇮🇳♥️

[@Death__0]

Under the leadership of Narendra Damodar Das Modi, India has indeed progressed further many fields especially when it comes to Tech, probably because Mr. Modi has always been a Tech enthusiast even when he was Gujarat CM, he continuously took initiatives to understand and implement high tech systems. There can be many downsides of this govt. nothing is perfect, but we shall applaud all the good work and criticize the bad ones.

[@narendrakumar-ws9go]

This is the power of india. This is absolutely an example of being dominating the world by her(Bharath Mata) knowledge . 👍 Om namah shivaya 🙏.

[@luciferofthehell2921]

This is the era of Indian dominance in the world 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@MACKOBII]

Jai Hind. A toast to our great mother India!

[@AssetYogi]

Indeed

[@ImRan_Ma1ik]

Bahut jaldi khus ho jate ho typical indian jaise hoo 🤗

[@luciferofthehell2921]

@@AssetYogi love you sir, thank you for your comment.🙏😘

[@batman_2004]

Ha. 2020 mai superpower ban gaya na. 😂

[@terrallcoscarelli7002]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals

[@stansburyclarice4968]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless

[@stansburyclarice4968]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading

[@susannabruemmer3683]

May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well

[@presley492]

what i think you need is a Financial Adviser, who can help you get in and out of any stock you buy at any time and you'd sure be in Profit

[@presley492]

*TERESA JENSEN WHITE,* That's whom i work with

[@nayangupta9467]

UPI ki jay ho 🙌 we all proud to be make qr based fast transaction technology

[@nareshtolani7677]

Fantastic achievement, lot of hardworking, planning, brains and high technology behind it. Congratulations India

[@AssetYogi]

Thanks a lot

[@RiseUp_Again]

First Time, India has created a World Class Product.

[@AssetYogi]

Indeed

[@kumarji5905]

You need to gain some knowledge first..... India always give world class product to world....

[@sidradzz]

Not first time, our every ancient knowledge is used by every scientist around the world..

[@PradeepSharma-ec4dg]

We should not be depended on anything and anyone. We must explore our own strength. We must use our brilliant students of IIMs and IITs to implement and explore new technology. Give them Projects for this purpose and take outputs.

[@AssetYogi]

Indeed Pradeep

[@mastvideos6298]

Than quite youtube ASAP

[@shaileshsingh1832]

2 Word:- PERFECT ANALYSIS + PREDICTION

[@AssetYogi]

Thanks Shailesh

[@mdrizwan2481]

Yes.. this is the future of transactions 🇮🇳

[@SachinSharma-ro1me]

Very well explained sir.. Really appreciate your efforts 👏👏

[@AssetYogi]

Thanks Sachin

[@techsolution423]

Good step by government 👍👍

[@bharatbhushan4340]

Feel so proud! Slowly, india us on the way to becoming World Guru again. Thanks to the leadership of Narendra Modi, we are moving at such a fast pace.

[@harshporwal]

auto-pay is really underrated

[@contactdi8426]

True man!

[@kumarji5905]

Beacuse it is not well integrated. Very few site has adopted it

[@cheapgamer4U]

I saw it on phone or when it was an Indian company. I don't think it's there anymore. But it surely was very convenient. No late payment means no late fees.

[@chayanbhowmic4777]

Great India. Joy ho UPI. PROUD INDIAN🇮🇳.

[@kiralok1]

India's Dizitalization wave is now unstoppable... Many.more such things are way ahead ...

[@AssetYogi]

Indeed Alok Gupta

[@DM-zb8hw]

And people used to laugh at Digital India mission.

[@yogeshminu1]

🎉 very true and proud of Indian UPI payment system…👍🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@priteshsaha3022]

2016 me monetization hua ..iss liye digital payment ko bada push mila..

[@Vivek.101]

Monetization nhi hota fir bhi digital payment success same hi hota. Kuch faida ni hua monitize krke ulta nuksaan

[@kuchbhi1877]

Demonetization*

[@AshokKumar-pd8nl]

@@Vivek.101 terrorist hawala patharbazi reduced drastically.

[@Evillife46]

Proud to be an Indian 🚩🇮🇳🙏

[@AssetYogi]

Thanks Ravi

[@yeshwantkumarjagetiya8683]

O देशभक्त economist many thanks to you. Provide proper and proudly information.

[@AssetYogi]

Thanks Yeshwant

[@manisehgal6398]

Brother,, your knowledge spread way is marvellous 👌👌👌,,none can compete u

[@AssetYogi]

Thank you 🙏

[@jivdo]

Bharat banata kam but jo bana deta h usse tikau koi nahi ho skta Khudos to NPI 💣

[@shriranglimaye2503]

I am proud to be part of this digital revolution. Important is it is homegrown & developed by our engineers in India. This will bring end to cheque, credit & debit card driven transactions. Also it will end corporates squeezing small suppliers. This new culture will automatically improve Quality & supplier chain

[@mr_afraz]

India is India 💚🇮🇳💚

[@vidth_rjstyles4444]

Positive response towards the UPI implementation from world is very necessary as it helps our country to grow and become dominant in fintech sector globally. Very inspiring video, keep awaring us...

[@dhokiaalpesh808]

Credit card attached with is great update. Now everyone use credit card in local shop. People ka purchase power or badhega.

[@ashwajitthukral9101]

Thanks what a video, learned so many things in just 10 mins. 100 likes from my-side. Thanks for all your hard work, thanks a lot mate !!!👍

[@goodearth5584]

The future is India in every field one can think of not to speak of high tech ; it is this Indian culture that has made science out of religion and anyone can become liberated following the definitive steps and methods given in our scriptures, this is the ultimate man can achieve !!

[@mexicanmomo]

Good one . But upi 2 should not be over complicated. User interface should be simple.

[@khushh296]

I think foreign entities should be banned from being an authorised UPI partner like Google Pay, All they are doing is studying the entire system and they will launch a modified version of UPI.

[@BangBangShot]

I think they know how upi works, but they cant copy it as our gov is involved

[@sanatanihindu3089]

Vo esa nhi kar sakte , USA government kabhi UPI system nhi Ane degi visa mastercard ke karan

[@khushh296]

@@sanatanihindu3089 I know bhai, But jaise unke apne desh mai gpay nahi chalta but yaha india mai indian apps se compete kr rhe hai vaise hi woh USA ko chodkar baaki countries ke liye launch kr skte hai UPI jaisa system taaki India expand na kr ske

[@aman_2002]

Bro, then the USA will make a law that bans Visa and MasterCard from processing payments of Indian banks and Indian citizens in American banking system. Enjoy??

[@sachinmd6770]

Let's hope that transaction charges in UPI may not be implemented in future..😂😂😂

[@SandeepMeena79]

Than it will be very bad for digital transaction or cashless economy. Finance minister said they will not charge but hope they will not do.

[@thunder4808]

It will happen within next 4-5 years. Like fixed 1Rs per transaction.

[@rushikeshpabalkar6943]

I don't think so. as government saving money that need to print, store and transport the cash by these digital transaction. And it is very risky to hold money in cash it need very much security.

[@sanatanihindu3089]

Nhi ayega

[@user-wq3hh4up7r]

Bhikhari gov will do this for sure in future to loot people

[@sashikantbiswal4707]

Jai hind..🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳 Bas desh aise hi har chetra main tarakee karte rahe...yahi prathna hai bhagwan se🙏🙏🙏🙏

[@beutifullife6351]

Very good work our UPI 2.0👍👍👍🇮🇳🇮🇳🇮🇳🇮🇳😀

[@AssetYogi]

Thank you so much 😀

[@KapilSharma-zj6cl]

Bahut achha lgta hai sun kar hmara desh kisi achhi chiz mein number 1 hai or aage bd rha hai

[@AssetYogi]

Thanks Kapil

[@ramraj_jat]

Me ganv se relate karta hu mene pichle year makan banaya jisme 40 lac lage usme sahayad hi 1-1.5 lac cash me diye ho sab online maximum upi se . Modi h so great

[@MSAlam-creations]

Wow 🤩 this is step will be master stock 🎉❤😊

[@satyendrasinghchauhan9372]

This is called digital India Good initiative by govt log bolge modi ne Kya kia modi ne vision create kia and India ko ane wale 10 sal me iska impact dikega

[@VivekSir90]

Proud to be Indian UPI has created miracle

[@abhisheksarkar1013]

Mojj ker deya UpI nay I proud of my country Jay hind Jay Bharat 😍🙆

[@sureshkumarpradhan4601]

I have done my all transactions through UPI like phone pay , Paytm , Google pay etc. From abroad just a second it's really amazing .......

[@AssetYogi]

Thanks for the information Suresh

[@sumedhkamble733]

thank you Sir for regular valuable videos

[@AssetYogi]

Always welcome

[@Kirnotsarg]

Has NPCI figured out how to recover the cost of transactions? Since Visa and Mastercard recover 2% MDR from merchants, a 0.2% MDR for UPI would be reasonable. You also ignored the prevalence of failed transactions in UPI, and what should be done to eliminate them.

[@ankittayal8291]

no failed transition in years , it's your fault , you may have changed some settings. No transition cost is cumpolsary, all will be funded by gov 👍🏻 bhai apaka chai wala ₹1 paisa ni dega payment ke liye 🤣

[@sanatanihindu3089]

Nhi

[@vinaybhat7670]

Sirf Bada companies...Jaise Amazon, Flipkart..ko transaction charge lagana hoga.. kyun ki unko cash on delivery ko pehle bohot paisa waste hota tha .. UPI se bohot profit hua he unko..

[@abhijitsen2197]

More important, India has highest gold holding well distributed 30k tonnes. So our money and it's trust issues is very strong. The world has to respect this.

[@LifecoachofIndia]

I wonder, can anybody explains better than as in this video. Jabardast Video. Loved it ❤️

[@pawanfromINDIA]

Thanks a lot Mr Reliable Mukul Guru..

[@AssetYogi]

Most welcome Pawan

[@ratneshpurohit9937]

It’s really game changer, well done👍

[@AssetYogi]

Indeed Ratnesh

[@Amogha108]

Parnaam guru ji

[@anshuswetanjay]

Now I don't need to worry about my credit card bills. It automatically gets debited before the deadline ☺️

[@kripa.....1021]

Mind blowing description.....

[@AssetYogi]

Thank you so much 😀

[@mk4live]

I love my india ♥️👍🏻🇮🇳

[@Nitesh2794]

sir credit card se jo charge payment add karne ya send karne me lagta hai wo lagega ya nahi ?

[@helenpierera8582]

Yes u right sir thank you

[@AssetYogi]

Thanks Helen

[@UMB8]

Well explained bro easily understood 👌🏻👍 Thanks modi Government

[@AssetYogi]

Thanks

[@swarnadipchatterjee]

What a fantastic and comprehensive video! Kudos, Mukul sir.

[@AssetYogi]

Thanks Swarandip

[@swapnil0708]

@@AssetYogi Sir, UPI ka share hai kya Invest krana chahiye 😂

[@swapnil0708]

@@AssetYogi Thank you for these informative videos Keep it up Sir ✌🏻✌🏻✌🏻

[@santoshchavan7838]

Mera Bharat Mahan....🚩🚩🚩.. Jay Hind....

[@rahulbansal6646]

That's the reason we are supporting PM Narendra Modi Ji to make india a dominating country in the world

[@arjunnaik267]

Very well explained. This topic is difficult to understand for a common man. I understood fully. Looking forward to see more such videos. Thank you.

[@AssetYogi]

Thanks Arjun. Keep watching.

[@hemantsince2001]

Can It give Strength to Rupee in Global Level if UPI goes to different countries?

[@AssetYogi]

No

[@bapusahebkadam6547]

Great👍

[@kaneriyarajubhai2011]

बहुत अच्छी तरहसे समजा दिया आपने अच्छा लगा।

[@manishashah2626]

So Informative....... thanks 😁

[@AssetYogi]

Welcome Manisha

[@manishashah2626]

@@AssetYogi 😁

[@kunalchaudhari3784]

As always awesome video sir 👍

[@AssetYogi]

Thanks again!

[@_JAISWAL_SANATAN_US_POLO]

Sir aap लोगों ki wajha se ham राष्ट्रवादी लोगो ko apne देश ki mahaan baate pata lagta hain Jai Shri Ram

[@prakashmalge9959]

Very good knowledge l proud of UPI payment system

[@AssetYogi]

Thanks Prakash

[@vaibhavgandhi2009]

Need to replace Swift by UPI because if payment gets stuck in Swift it takes months to clear or get payment. Had very bad experience with Swift

[@diptyprakashswain1121]

Yaah so america need to support

[@Vikkram1993]

Swift k din aise bhi khatam hone wale hai due to RBI new guidelines of nastro and vostro bank accounts opening with Saudi Arabia and Bangladesh soon UAE

[@ubermensch-]

Haan mazak hai

[@omagr2574]

@@Vikkram1993 huh? Are you know the full form Swift even? Bhai international banking system he not even possible to replace it 😂😂😂 tum pta mhi konsi theory lagya rako ho

[@ayushn84]

Exactly

[@BhagwatiAnu]

Good sir 👌

[@AssetYogi]

Thanks Bhagwati

[@lowlife_nolife6047]

Great Policy Making along with Nice innovation. UPI shows how far we can go.

[@kahyanpaul2322]

Wonderful video, many thanks 👍

[@AssetYogi]

Many thanks!

[@maunilhathi3396]

Hi Team, I am a big fan of yours and follow your all social media platforms Today the government of India is focusing on digital currency , UPI 2.0 and most importantly Cross Border Payment systems GOI is encouraging banks, Fintech company to develop cross border payment solution or make it easy So i request you to please make a brief video on Cross Border Payment concept so that the local public can understand about it

[@AssetYogi]

Noted Maunil

[@amjadaliali2983]

very informative news sir

[@AssetYogi]

Thank you

[@sukumarghosh8368]

Proud to be Indian Having UPI payment system

[@ABHISHEK-871]

to setup UPI we need card, means the issuance of cards cannot be wiped out and as long as cards exist card payment will be done.

[@hinduspritual8753]

I am proud because I am indian 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@rajkapadia1466]

🚩🇮🇳विश्व गुरु भारत 🇮🇳भारत भाग्य विधाता

[@krishnakumarsikdel942]

All best. for UPI introducer

[@royaljudgementhn]

Kavi kavi khud pe proud fill hota hai, kiu ki mai up ke asset Yogi ki paribar mai hu,,,, intni jaruri jankari dusrose peyle janne ka moka mila sir🙏🙏

[@AssetYogi]

Keep learning

[@royaljudgementhn]

@UCk8iBj8wqj2Jh3JdLg06i6w sir 🙏plz madat kar dijiye..... Bhout jayga pucha koi riply nahi diya IPO me investment nahi karke agar bad me index se share kharidta to company ka divedent mil ta hai? Minimum kitna share haridna par dividends milega?

[@royaljudgementhn]

@@AssetYogi sir 🙏plz madat kar dijiye..... Bhout jayga pucha koi riply nahi diya IPO me investment nahi karke agar bad me index se share kharidta to company ka divedent mil ta hai? Minimum kitna share haridna par dividends milega?

[@KARAN5684_]

UPI PAYMENT WILL BREAKDOWN MASTERCARD AND VISA

[@AssetYogi]

Hope so

[@ImRan_Ma1ik]

What are cons of UPI you should have covered that as well

[@AssetYogi]

Noted

[@ImRan_Ma1ik]

@Koko Gurung It is okay you need to worry about it

[@santoshchavan7838]

Proud feel we are INDIANS... Jay hind 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@kuruvillasebastian2972]

I'm so proud of an Indian......

[@RishabBanotra]

01:51 there is going to be transaction cost soon 05:40 We can still make transactions without smartphone or internet via *99# from the number linked with bank 😊

[@ghatak580]

10 paisa hona chahiye cost, free bhi sahi nahi. 10 paisa means 1 lakh crore per month revenue, it can be great support for economy. Or we can have daily one transaction free and afterwards 10 paisa cost.

[@bishnukumar2094]

@@ghatak580 totally agree with you

[@rahulagrawal7864]

Hi Sir, Good Work sir on UPI Video. I wanted to ask questions on US investing a slightly off topic, but if you could help it would be great help. Have few doubts regarding the taxation for US ETFs. I am looking for SIP for 10yrs of an amt of 10k. Is it better to buy US ETF through IND App or through Indian AMC like Miraie as the taxation(LTCG) would be 20% in case of IND App and 10% if I use Miraie Platform. Also there would be some charges at the time of withdrawal along with conversion charges every time Also wanted to know is it still good time to invest in US equities right now?

[@sumitgujarathi2523]

Yes good time to invest in US market now bcs its on low level trading

[@RegistrationProcess]

Incredible

[@gajanankhatawate3399]

Sir आपने बोला, या आपको लगता है तो UPI का future bright 🌞 ही होगा। 🙏🤳

[@rushikeshpabalkar6943]

Good steps by Government 👍

[@AssetYogi]

Thanks Rushikesh

[@css10877]

UPI is more than a Technology, is a Reevaluation Thank to Modi Government

[@ritesh1920kumar]

Isme modi jii ka wah kyu

[@jitendrakumar-ry2hj]

@@ritesh1920kumar pakka tu yadav hoga....kyunki yadav ki budhi ghutne me hoti h 😂😂

[@MohitYadav-th7fz]

@@jitendrakumar-ry2hj or kumaro ki gaand me 🤣

[@Predictor1652]

In April 2009, National Payment Corporation of India was formed with the objective to integrate all the payment mechanisms in the country and make them uniform for retail payments. RBI in 2012 released a vision statement for a period of four years that indicated commitment towards building a safe, efficient, accessible, inclusive, interoperable and authorized payment and settlement system in India. Kach acha hua tho Modi, bad hua tho opposition. Kya hai bhai thumara ye andhbhakthi.

[@abchub7461]

@@Predictor1652 abdul 🤣🤣🤣🤣 name is enough 😂😂

[@jaljivan]

Your voice is very nice sirji, And also teaching method🌼👍🙏🌼🇮🇳🇮🇳

[@AssetYogi]

Thanks Tushar

[@freshmomentscelebration]

Proud to be an Indian......

[@aanankhanna5658]

Great Info but you didn't mention the biggest reason for success of UPI, demonitaisation.

[@AssetYogi]

Noted Aanan

[@milinda707]

Mukul Bhai, every thing is changing, but still our AMFI & SEBI is not changing. While doing KYC for Mutual Funds, they still insist on " Cancelled Cheque ". Now how many of using cheques in these days. If you want to make big transactions, there is NEFT / IMPS / RTGS. Who the hell are using Cheues. SEBI & AMFI are not ready for the e-generations, they are still from the old school of thoughts. Mukul Bhai, please raise this issue with SEBI & AMFI. Even if you try any app to invest in Mutual Funds, while initiating KYC, cancelled chaeque copy is mandatory. Yaar, AADHAAR Card & PAN Card is also linked to our bank account. Why dont they fetch the data from there? Please raise the issue. Thank you. 👍👍

[@shekharsingh5130]

You can go for Ckyc.

[@emotionsart494]

Thank You Sir........

[@AssetYogi]

Most welcome

[@aniltripathi7819]

Gajab , Kya explain kiya

[@AssetYogi]

Thanks Anil

[@parmarkrishna]

UPI is revolutionary. I am 80% cashless

[@AssetYogi]

Good to know

[@Lichibug]

Totally different video which is hard to find these days on other youtube channels.... every other Channel has similar content.. Great work sir😄

[@AssetYogi]

Thanks VG

[@prashantvadnere400]

You missed one important factor for adoption- No POS system required for merchants. For cards, merchants need POS machines, internet and has to pay regularly for services. With UPI, no such extra cost is required and hence even small merchants started using it with just a QR code.

[@AssetYogi]

Thanks for your input Prashant

[@iam.kuldeepvishwakarma]

Interesting ☺️