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