Accept Payments with UPI

  • Real time settlements
  • No additional integration required
  • Lowest cost with best success rates
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What is UPI?

Just like Credit and Debit cards, UPI (Unified Payments Interface) is another payment option. It abstracts your bank account details in the form of a VPA. Now instead of sharing complex account details, the user can just share the VPA to receive/send money. And all of this is realtime!

What is VPA?

VPA is a Virtual Payment Address like your email (eg. payu@bankname). A VPA can be linked to any bank’s account.

Can I leverage UPI across platforms?

Yes, this solution can work across web and mobile and web-view inside a mobile app. It is also supported on PayU’s existing Android SDK.

How do I create a VPA?

VPA can be created from a UPI enabled bank mobile application or third party application.

Can users create a new VPA handle in transaction flow ?

No. The current UPI flow doesn't allow a user to create a new handle. However, this is possible via PayU's dedicated UPI SDK. This is under development. Know more.

How does UPI work for your customers?

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Key features

Real time settlements

  • Receive real-time settlement for P2P (Person to Person) flow and T+1 settlement for P2M (Person to Merchant) flow.
  • Real time settlement model will directly settle customer’s money in your account. PayU charges a small service fee for this.

No additional integration required

  • Merchants with PayU hosted Checkout can go live by simply enabling a flag. No additional intergration required.
  • Merchants with non-PayU hosted checkout will need to send an extra VPA parameter in transaction request.

Lowest cost with best success rates

  • MDR of 0.75% for transaction amount less than 2000 and 1% for transaction amount above 2000.
  • All calls are server to server and no redirects, hence best success rates.

Secure transactions

  • RBI approved single click and 2 factor authentication.
  • Customer’s mobile is the First factor and M-Pin is Second factor authentication.
  • M-Pin is Mobile PIN which is created while linking a bank account with a VPA handle.

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and start receiving payments now!