upb

  In today’s digital-first world, fast, secure, and accessible financial services are the backbone of any growing economy. As India continues its journey toward a cashless and inclusive financial ecosystem, Universal Payment Bank (UPB) emerges as a powerful player that promises to bridge the gap between traditional banking and digital convenience. What is Universal Payment Bank? Universal Payment Bank, often abbreviated as UPB , is a specialized banking institution that focuses on providing simplified, digital-first financial services to underserved and unbanked segments of the population. Unlike traditional commercial banks, UPBs have certain limitations—they cannot offer credit products like loans or issue credit cards. However, they excel in services such as: Deposits (up to ₹2 lakh per customer) Fund transfers Mobile and online payments UPI-based services Bill payments and recharges Debit card issuance These banks function entirely through digital platforms or lightweight phy...