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   >> Unified Payments Interface (UPI) » Membership Criteria

Unified Payments Interface (UPI)

Eligibility Criteria

The eligible criteria for the Banks who can participate in UPI is that the Bank should have approval from RBI for Mobile Banking Service and also should be live on IMPS.

Technical Criteria

As a PSP:

  1. Bank to Develop application to interface with UPI system.
  2. Bank to participate at least as an Issuer.
  3. Bank to provide App to customers to add their bank account on App.
  4. Bank needs to integrate NPCI library into their platform specific mobile banking app or create a new app
  5. Bank to be ready with the following functionalities before certification

    • Meta APIs
    • Financial Transactions
    • Settlement and reconciliation

  6. Benchmarking of the Bank’s UPI Platform

As an Issuer:

  • Bank to Develop application to interface with UPI
  • The Bank application to interface with their CBS online for Debit/Credit.
  • Issue the PIN (Numeric 4 to 6 digits) to its customers for transactions.
  • Authenticate PIN received through UPI for transactions.
  • Allow Bank’s customers to register on other PSP app.
  • Bank to develop functionalities generating OTP basis ‘Account No’ of customers.
  • PIN Decryption and validation must be performed by using HSM
  • Benchmarking of the Bank’s UPI Platform
 
 
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