Unified Payments Interface (UPI)

Unified Payments Interface (UPI) is a universal app for digitized payments/transactions which enables customers to transact securely (2FA). UPI app is best suitable for E-commerce & M-commerce transactions. Supporting,  major bill payments, over the counter payments, barcode (scan n pay) based payments UPI also offers multi utility like cash on delivery/bill split sharing/ merchant payments / remittances Available 24*7 & 365days for all kinds of payments in secured environment.

Need for Product:

• Universal App for payments
• Security
• Payments basis Single/Unique Identifier
• Opportunity to tap Customer to Business(C2B) segment
• Opportunity to tap E-commerce & M-commerce (PULL Initiated) transactions
• Simplified (Single click 2FA ) authentication

Features:

• SMS based Validation of Mobile No. and Device
• Virtual Address Platform
• Setting of mPin & Default account
• Pull and Push and Balance Inquiring Transaction initiation
• Scan QR Code
• Merchant/Customer Authentication base on Mobile Number and Device ID
• Integration with ISG Merchant Database and validation
• Complaint Registration
• Validation of payment address i.e. virtual address before initiating transactions
• Update details of UPI merchants from MAPS
• Generation of approval  and response code
• Exception processing for transaction failure scenarios

Benefits:

• Universal App for transactions
• Secure and Simple(Single click 2FA)
• Push and Pull Payments
• In-App Merchant Payments within same device
• Suitable for e-Com & m-Com
• Multiple Utility like Cash on delivery/bill split sharing/ merchant payments / remittances
• Available 24*& 365days