The idea behind launching this application is that the entire nation goes cashless and creates added security in making payments and additional transactions. Since it has been launched, it has created waves amidst the people and has been extensively used. It cannot completely replace credit cards and debit cards but due to updating the application on a regular basis, it can eventually replace them. In addition to this, various banks and affiliated companies are offering a whole lot of deals and freebies when making UPI transactions which are not offered when using credit and debit cards.