{"id":1670,"date":"2019-10-18T14:56:45","date_gmt":"2019-10-18T09:26:45","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=1670"},"modified":"2025-04-10T17:10:11","modified_gmt":"2025-04-10T11:40:11","slug":"rbi-upi-interoperability-digital-wallets-upi","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/rbi-upi-interoperability-digital-wallets-upi\/","title":{"rendered":"RBI Has Already Achieved UPI Interoperability Among Digital Wallets. But Do You Remember?"},"content":{"rendered":"

Under this new reign of digital payments, UPI interoperability is supposed to bellwether the payment industry, impact stakeholders and reduce complexities.\u00a0<\/span><\/p>\n

But things didn\u2019t go as it was supposed to be!<\/span><\/p>\n

Very few people know about this feature and that\u2019s what this Twitter thread says:\u00a0<\/span><\/p>\n

Tweet 1:<\/strong> \u201cMost people do not know that Unified Payments Interface (UPI) is interoperable.\u00a0<\/span>Can I GooglePay to you? No. I use PhonePe. And the conversation ends!\u00a0<\/span>Are PSPs solving for this or does this perception somehow work in their favour?\u201d<\/span><\/p>\n

Tweet 2:<\/strong> Hah! And, I was having the same conversation recently. I think the only way to fix this is via an awareness campaign.\u00a0<\/span><\/p>\n

Tweet 3:<\/strong> Whaaaaatt!!! Can you do that?\u00a0<\/span><\/p>\n

Tweet 4:<\/strong> I always tell people to UPI me the amount. And they are like, what?!<\/span><\/p>\n

Tweet 5:<\/strong> UPI sounds firangi. BHIM is for the masses.\u00a0<\/span><\/p>\n

Towards the end of 2018, the Reserve Bank of India (RBI) issued final guidelines to allow interoperability for prepaid payment instruments<\/a> for mobile wallets<\/a>. The RBI declared that all forms of wallet interoperability would fall under UPI and cards through the interoperable card networks.<\/span><\/p>\n

To safeguard the security of such transactions, Prepaid Payment Instrument (PPI) issuers will adhere to all security guidelines laid out by the National Payments Corporation of India (NPCI<\/a>), as requested by RBI. That being said, the interoperability option will only be available for full KYC wallets.\u00a0<\/span><\/p>\n

The circular issued by NPCI: <\/span>Guidelines on Interoperability features for all BHIM UPI Apps<\/span><\/a><\/p>\n

Related Read: What Is The UPI Reference Number?<\/a><\/p>\n

How can customers make UPI payments across apps<\/b><\/h2>\n

For instance, if you are a GooglePay user and you want to transfer funds to a Paytm wallet here\u2019s a step by step process:\u00a0<\/span><\/p>\n

Important<\/span><\/i>: Before you proceed please enable location on your mobile. This helps Google detect\u00a0<\/span>and flag suspicious activities.\u00a0<\/span><\/p>\n

Step 1: Note your UPI ID, which is mentioned on the home screen. (xyz@okaxisbank)\u00a0<\/span><\/p>\n

Step 2: Open the Paytm app and select \u2018Add Money\u2019<\/span><\/p>\n

Step 3: Enter the desired amount\u00a0<\/span><\/p>\n

Step 4: Select BHIM UPI as the payment method in the payment window\u00a0<\/span><\/p>\n

Step 5: In the VPA<\/a> field, enter your GooglePay UPI ID<\/a><\/span><\/p>\n

Step 6: Click on \u2018Pay Now\u2019\u00a0<\/span><\/p>\n

Step 7: After you select the option you\u2019ll receive a notification from GooglePay app<\/span><\/p>\n

Step 8: Select the request from Paytm and click to proceed\u00a0<\/span><\/p>\n

Step 9: Select or proceed with you default bank\u00a0<\/span><\/p>\n

Step 10: Type your UPI Pin<\/a> and proceed\u00a0<\/span><\/p>\n

After that, the amount will be added to your wallet.\u00a0<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0Related Read: How To Make UPI Payment Without Internet?<\/a><\/span><\/p>\n

Guidelines for interoperability<\/b><\/h2>\n