Overview
Payment group: Real-time banking
Payment product ID: 4101
The Unified Payment Interface (UPI), Developed by National Payment Corporation of India (NPCI), 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 instruments here are
- VPA (Virtual Payment Address),
- Account number & IFSC,
- Mobile number,
- QR Code,
- Aadhaar (12 digit individual identification number in India)
which all are connected to the bank account.
Our solution supports payment with a redirect to the UPI app or by entering the VPA of the consumer.
Key Features:
- Auth currencies: INR
- No chargebacks and reversals
- Refunds supported
Features
- Allows iframe
- Cancel refund
- Partial refunds
- Redirect
- Recurring
- Refunds
- Tokenization
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.
Boarding
We will be happy to help you get started.
Contact us Next Countries & currencies