Learn UPI. Become a Fintech Product Manager

As a builder, engineer/product manager, digital payments & fintech is the most fascinating place to be right now 🇮🇳 India has made remarkable progress in digital payments in the last 10 years.

Let’s look at some stats!

🏦 460 million new bank accounts have been opened in India in the last decade, which is more than the population of the United States, France, and Italy combined.

💳 319 million RuPay debit cards have been issued, equal to the population of Russia, Japan, and Spain put together.

💵 India processes 40-45% of real-time digital transactions in the world, more than China, the US, and the UK combined.

• UPI transactions have grown from 3 billion in 2016-17 to 74 billion in 2022-23.
• UPI transaction value has grown from ₹1.5 trillion in 2016-17 to ₹111.2 trillion in 2022-23.
• UPI is now the most popular digital payment method in India, accounting for over 50% of all digital payments.
• UPI has made digital payments accessible to millions of Indians, especially those in rural and underserved areas.
  

This ebook is designed for individuals of all operators - engineers, product managers, analysts, sales professionals, and anyone interested in fintech.

If you aspire to become a fintech product manager, understanding UPI (Unified Payments Interface) is essential. This ebook serves as a foundational resource to help you grasp the fundamentals of UPI, both in the B2B (Business-to-Business) and B2C (Business-to-Consumer) contexts. It covers various aspects of UPI, providing valuable insights for fintech enthusiasts.

Table of contents:

Chapter 1: History of Real-Time Payments in India

• Explore the evolution and development of real-time payment systems in India, tracing the historical context of UPI.

Chapter 2: Key UPI Terminologies

• Familiarize yourself with essential UPI terminologies, ensuring you have a solid foundation for further exploration.

Chapter 3: Customer Registration Process

• Dive into the intricacies of the UPI customer registration process, understanding the steps involved and the significance of user onboarding.

Chapter 4: The Flow of UPI Transactions

• Gain insight into how UPI transactions work, from initiation to completion, and understand the underlying processes that enable seamless fund transfers.

Chapter 5: UPI - 1 Click 2 Factor Authentication

• Delve into the security measures embedded within UPI, focusing on the 1-click 2-factor authentication system that safeguards transactions.

Chapter 6: Device Binding in UPI

• Explore the concept of device binding in UPI, which enhances security and ensures a secure connection between users and their payment devices.