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   >> Unified Payments Interface (UPI) » Product

Unified Payments Interface (UPI)

Product

A. Financial Transactions: UPI supports the following financial transactions viz.

a) Pay Request: A Pay Request is a transaction where the initiating customer is pushing funds to the intended beneficiary. Payment Addresses include Mobile Number & MMID, Account Number & IFSC and Virtual ID

b) Collect Request: A Collect Request is a transaction where the customer is pulling funds from the intended remitter by using Virtual ID.

B. Non-Financial Transactions: UPI will support following types of non-financial transactions on any PSP App viz.

  1. Mobile Banking Registration*
  2. Generate One Time Password ( OTP)
  3. Set/Change PIN
  4. Check Transaction Status
  5. Raise Dispute/ Raise query

* Mobile Banking Registration is possible only if the mobile number (which is to be registered) is registered with the Issuer Bank for SMS Alerts/mobile alerts.

UPI can be accessed on all platforms viz. Android / iOS & Windows – As of now, the Apps have been developed by members only on Android platform.


 
 
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