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Brief on UPI

UPI is a system that powers multiple bank accounts into single mobile application, merging several
banking features, enabling seamless fund routing & merchant payments.

The payments can be both sender (payer) and receiver (payee) initiated
Push & Pull Payments and are carried out in a secure, convenient, and integrated fashion

Easy Payments The unified payment system eases payments via mobile, web, and
other applications

This next generation payment system provides an ecosystem driven

Scalable Architecture scalable architecture and a set of APIs taking full advantage of mass
adoption of smartphone

Value Added Service

Virtual payment addresses (VPA), single click 2 factor authentication,
1 Click 2FA & Virtual address use of payer’s smartphone for secure credential capture, etc. are some
of the core features

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Payment to Corporate by entering VPA with Partial validation

 UPI offering is customized with partial validation on VPA similar to E-collections.

Solution:  MIS with remitter details and unique id enables the corporates to easily identify the
transactions and assist in better reconciliation.

Beneficiary VPA : corporate –123456789@kotak

Corporate name Unique identifier PSP handle

 Customer opens UPI app on mobile with which he is registered

 Enters beneficiary VPA in the format <corporate>-<uniqueno>@kotak
Transaction Flow:  Enters amount, remarks if any and submits by entering UPI PIN
 Transaction gets processed and corporate is intimated through API
 MIS with remitter details and unique identifier is shared with corporate
 Payment to Corporate through web collect

 While checking out on a corporate website/ mobile app, customer shall be asked to
Solution: enter his VPA to which a collect request shall be initiated
 Customer complete the transaction by approving on his UPI app

1. Customer enters VPA on 2.a Customer Receives Notification to 3. Merchant receives confirmation and
Desktop/mobile website authorize the payment acknowledges order placement on
2.b Enters MPIN and approves website.

Transaction Flow:  Customer selects UPI as a payment mode on corporate website/ mobile app
 Customer enters his VPA on the subsequent page on website/app
 A collect request is initiated by the corporate with the bill amount to the VPA entered by the customer
 Customer receives a notification of pending transaction on his UPI app
 Customer approves the transaction by entering UPI PIN
 Transaction gets processed and RRN is shown to customer for reference.
Payment to Corporate by scanning a Static/ Dynamic QR

 While checking out on a corporate website, customer shall be shown a UPI QR code
Solution:  Customer scans the QR code through his UPI app and enters UPI PIN to complete the
transaction

1. User scans QR code on bill 2.a Customer scans the QR code 3. Corporate receives confirmation/
generated/ website on Desktop MIS of all transactions is provided.
or Laptop or Mobile 2.b Enters UPI PIN and approves

Transaction Flow:  Customer selects UPI as a payment mode on corporate website

 A unique UPI QR code is created and shown to customer on subsequent page
 Customer opens his UPI app and scans the QR code
 Customer enters UPI PIN and completes the transaction
 Transaction gets processed and RRN is shown to customer for reference.
 For retail outlet transactions, UPI can be integrated with the billing system
Payment to corporate by scanning QR – without API integration

 Bank offers ready made solution to corporate by providing a front end dashboard by
doing API integration with a vendor
Solution:  Transactions made by customers to corporate’s VPA/ QR shall be visible through the
dashboard

1. QR is displayed at outlets/kiosk/ 2.a Customer scans the QR code

collection points 3.a Cashier & Manager views
2.b Enters UPI PIN and approves transaction on dashboard

Transaction Flow:
 Corporate/ merchant is provided with a static QR and login credentials for the online dashboard
 Corporate displays the QR at the counter for accepting payments through UPI
 Customer scans QR code through his UPI app and enters transaction amount
 Customer enters UPI PIN and completes the transaction
 Transactions are reflected on the dashboard real time and can be viewed by logging through the
credentials shared
 Bill number can be added against the transaction for reconciliation
Payment to corporate through intent mechanism on corporate app

 Seamless payment experience to customer to make payments through corporate app

Solution:  Customer can select any of the UPI apps pre-installed in his mobile to make payment

Transaction Flow:  Customer clicks on UPI option available in corporate app to make payment
 List of all UPI apps installed on customer’s mobile shall be shown
 Customer selects the preferred UPI app and all the transactional details are pre filled
 Customer enters the UPI PIN to authorize the transaction
 Transaction confirmation is shown to customer on UPI app and corporate app
 Payment by Corporates through API integration

Solution: Corporates can make payments to their beneficiaries through UPI

Transaction flow:
2 3

Pre approved txn Pay Request

Payer PSP Payee PSP
UPI
(Kotak) Txn confirmation Bank details (ABC Bank)
7 4

Payment Txn Credit Credit

request Confirmation Confirmation Request
1 8 6 5

Corporate Beneficiary Bank

(XYZ Bank)

API Integration with Corporate

Steps:
1. Corporate initiates payment request through API
2. Payer PSP debits the corporate account and sends as pre approved transaction to UPI
3. UPI sends the payment request to Payee PSP
4. Payee PSP sends the beneficiary details of the customer
5. UPI sends credit request to beneficiary bank
6. Beneficiary bank credits the customer and confirms back to UPI
7. UPI confirms the transaction status with Payer PSP
8. Payer PSP shares the transaction status with corporate through API