Non-Functional Requirements for UPI System Design
Below are the non-functional requirements for UPI system design:
- Scalability– The system should handle a large number of users and high transaction volumes. Support horizontal scaling to manage increasing load efficiently.
- Performance- Ensure low latency for transaction processing and user interactions. Provide real-time transaction processing capabilities.
- Reliability– Ensure high availability with minimal downtime. Implement failover mechanisms to handle system failures gracefully.
- Security– Implement robust security measures to protect user data and financial transactions. Ensure compliance with financial regulations and standards (e.g., PCI-DSS).
- Consistency– Ensure consistency in transactions to avoid discrepancies and double-spending. Implement mechanisms to ensure eventual consistency in a distributed system.
- Compliance- Adhere to regulatory requirements and guidelines set by financial authorities. Ensure data privacy and protection in compliance with relevant laws.
- Usability- Design a user-friendly interface that is easy to navigate. Ensure accessibility for users with different levels of technical expertise.
Designing UPI – System Design
Designing a Unified Payments Interface (UPI) system involves creating an architecture that enables real-time inter-bank transactions through a seamless and secure platform. Key components include user interfaces, a central UPI switch managed by the National Payments Corporation of India (NPCI), backend systems of participating banks, and third-party service providers.
- The system supports core functionalities such as user registration and authentication, payment initiation and authorization, inter-bank transaction processing, and real-time settlement.
- Security measures like encryption and multi-factor authentication ensure compliance and protect against fraud, making UPI a reliable and efficient payment solution.
- The UPI is a real-time payment system that facilitates inter-bank transactions by instantly transferring funds between two bank accounts on a mobile platform.
Important Topics for UPI system design
- Functional Requirements for UPI System Design
- Non-Functional Requirements for UPI System Design
- Capacity Estimation for UPI System Design
- High-Level Design(HLD) for UPI System Design
- Low-Level Diagram(LLD) for UPI System Design
- Microservices Used in UPI System Design
- Scalability for UPI System Design
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