Overview
Payment group: Real-time Banking
Payment product id: 4101
The Unified Payment Interface (UPI) is a real-time payment system for consumers in India. It is designed to enable peer-to-peer inter-bank transfers and payments to Merchants through a single two-click factor authentication process through the Mobile apps of the PSP providers. The main instrument here is the VPA (Virtual Payment Address) which is connected to the bank account.
Our solution supports payment with a redirect to the UPI app or by entering the VPA of the consumer.
Optimized for:
Key benefits
- No need to remember the Account Number or Card Number.
- Instant transfer facility to merchant account.
- Multiple apps to make payment using bank account.
- QR code: Send money by QR code, which has enclosed VPA, Account number and IFSC or Mobile number.