UPI (Unified Payments Interface) is a unique payment system through which you can link your bank account to a mobile application and make transactions safely. From transferring money to friends to paying merchants, from online shopping to paying utility bills, UPI makes transferring money easy, safe, and instant.
Merchants’ on-boarding process on UPI-
Step 1: Download any UPI enabled app from the Play
Store or the App Store Step 2: Select preferred language Step 3: Add registered mobile number
Step 4: Verify one-time password received on your
registered mobile number
Step 5: Add bank account details
Step 6: Add business details (optional)
Step 7: Start digital transactions once
registration is complete
Step 8: Use UPI id or scan QR to start sending and
How merchants collect
payments from customers through UPI
UPI Static QR
Merchants gets on-boarded by providing basic
KYC details to FOS or by Logging into the Merchants facing Mobile App of the
Aggregator and registering himself by providing the required KYC details.
Physical Static QR Stands/Stickers are
provided to the merchants by the FOS (Feet on Street)/Sales team of an UPI
Merchant can generate the UPI Static QR even
on the Merchant facing mobile App of the aggregator.
Customer Scan’s the QR and enter the amount
and then UPI pin to make the payment to the merchant.
Link Based/SMS Intent
Based solutions through merchant Apps
Merchant from his Merchant facing application
of Aggregator can send a UPI based SMS with payment link on the customer’s
mobile number or UPI ID.
Customer on clicking this link invokes all the
UPI app available on his mobile phone (UPI App Intent) and can select any of
the UPI App to make the payment to the merchant.
UPI Dynamic QR on PoS
Cashier/Merchant can generate a Dynamic UPI QR
code on the Display of POS Machines.
Customer can scan this QR code through any of
his UPI enabled app and just enter his UPI PIN to complete the transaction
(Amount is already populated on Customers UPI App)
But most importantly the POS provider/Solution
Provider needs to be enabled to provide this functionality to his merchants.
Inventory Sales + UPI
Merchant can send an integrated link on
customer’s number through SMS/whatsapp. ( The link has Inventory/stocks pages
Customer on clicking the links get the
inventory page and confirm the list of his required product.
Post confirmation the customer is prompted to
complete the transaction by making payment through UPI.
This is applicable in both delivery and pick
Customer – Merchant
Bookkeeping and Payments through UPI
Similar to the link based/SMS intent solution.
Just added benefits here is that the merchant
can do the book keeping of all the outstanding amount (from customers) and
payable amount (to his vendors/distributors)
Pay for Business
– Payments by Card, UPI QR & Business Loans