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Hacker News·4 min read·medium

UPI: Anatomy of a Payment Transaction

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UPI: Anatomy of a Payment Transaction
AI Summary

This article provides a technical breakdown of the Unified Payments Interface (UPI) in India, explaining the multi-party transaction process from scan to settlement. It highlights the scale of the system, which processed over 2,272 crore payments in June 2026.

How it works The rails 13 min read · data through June 2026

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