UPI: Unified Payments Interface
Table of Contents
Unified Payments Interface (UPI)
Unified Payments Interface (UPI) is a system that integrates multiple bank accounts into a single phone app, combining numerous banking features, smooth financing routing, and merchant payments under one hood. It also handles Peer to Peer collection requests, which could be planned and paid according to need and comfort.
What distinguishes it?
- Instant fund transfer via smart phone around the clock, 24 hours a day, 365 days a year.
- A single phone app for entering multiple bank accounts.
- Single Click two-factor Authentication – Complies with regulatory standards while providing a powerful function of effortless 1 click payment.
- The client’s virtual address for Pull and Push offers additional protection because the consumer is not needed to provide data such as card information, account information, IFSC, and so on.
- Rushing to an ATM or delivering a precise amount is the best solution to the Cash on Delivery difficulty.
- Payment from a merchant via a unified platform or in-app purchases.
- Utility bill payments, over-the-counter payments, and barcode payments are all options.
- Sustainable donations, collections, and disbursements
- Instantly submitting a report using the mobile app.
UPI participants
- Payer PSP
- Payee PSP
- Remitter Bank
- Beneficiary Bank
- NPCI
- Bank a/c holders
- Merchants
UPI – Ecosystem Participants Benefits
Bank Perks:
- With a single click Authentication using two factors
- Transactional Universal Application
- Using current infrastructure
- Payment base that is more protected, reliable, and innovative Identifier that is unique/single
- Allow for smooth merchant transactions.
Advantages for end-users:
- Around-the-clock accessibility
- Using a single application, you may access several bank accounts.
- The use of a Virtual ID is more safe because there is no credential sharing.
- Authentication in one click
- Directly file a complaint using the mobile app
- End-User Advantages: Availability 24 hours a day, seven days a week
- Registration in a UPI-enabled app
Registration Procedures:
- The user obtains the UPI application via the App Store or the bank’s portal.
- The user establishes his or her account by inputting information such as name, payment address, password, etc.
- The user selects Add or Link or Manage Bank Account and associates the bank and account number with the virtual id.
Creating a UPI – PIN:
- The user chooses the bank account from which they want to begin the transaction.
- The user selects one of the options. –
M-PIN should be changed.
In the event of 3(a), the user receives an OTP from the issuing bank on his or her registered cellphone number.
- The user now inputs the last six digits of their debit card number and the expiration date.
- The user has to enter OTP, then enter his chosen numeric UPI PIN and hits Submit.
- The customer receives notice after pressing submit, whether successful or declined.
In the case of 2(b), the user enters his existing UPI PIN and his chosen new UPI PIN (UPI PIN that he would want to set) and selects Submit.
The customer receives notice after pressing submit.
- Making a UPI Transaction:
- PUSH is a method of transmitting money via a virtual address.
- The user logs into the UPI application.
- After successfully logging in, the user picks the Send Money/Payment option.
- The user enters the beneficiary’s/virtual Payee’s id, the amount, and the account to be debited.
- The user is presented with a confirmation page to verify the payment information before clicking Confirm.
- The user now inputs his or her UPI PIN.
- The user receives a success or failure notification.
PULL – Asking for money:
- The user accesses his bank’s UPI application.
- Following a successful login, the user picks the option to collect money
- The user inputs the remitter’s/virtual payer’s id, the amount to be credited, and the account to be credited.
- The user is presented with a confirmation screen to examine the payment information before clicking on the confirm button.
- The payer will receive a notice on his mobile device when money is requested.
- Payer then taps on the notice and navigates to his bank’s UPI app, where he evaluates the payment request.
- The payer then chooses whether to accept or refuse the offer.
- The payer then chooses whether to accept or refuse the offer.
- In the event that payment is accepted, the payer will enter their UPI PIN to approve the payment.
- When a transaction has been completed, the payer receives a successful or unsuccessful transaction message.
- The requester receives a notice and SMS from the bank on the credit of his bank account.
Product
Financial Transactions:
The following financial transactions are supported by UPI:
Request for Payment: A Pay Request is a transaction in which the originating consumer sends money to the designated recipient. Mobile Number & MMID, Account Number & IFSC, and Virtual ID are all examples of Payment Addresses.
Request for Collection: A Collect Request is a transaction in which the client withdraws monies from a planned remittance.
Non-Financial Transactions:
On any PSP App, UPI will enable the following non-financial transactions: Mobile Banking Registration
- Create a One-Time Password
- PIN Check Set or Change
- Raise Dispute or Raise Query
- Checking of transaction status
UPI Bank
| Sr. No | Bank Name |
| 1 | Axis |
| 2 | ICICI Bank |
| 3 | HDFC Bank |
| 4 | IDFC |
| 5 | Federal Bank |
| 6 | Yes Bank |
| 7 | HSBC |
| 8 | SBI |
| 9 | The Cosmos Co-Operative Bank Ltd. |
THIRD-PARTY APP
| Sr. No. | TOP | PSP Banks | Handle Name |
| 1 | FinShell Pay | HDFC | @rmhdfcbank |
| 2 | Amazon Pay | Axis Bank | @apl |
| 3 | Bajaj Finserv Direct Ltd | Axis Bank | @abfspay |
| 4 | CoinTab | Federal Bank | @fbl |
| 5 | CRED | Axis Bank | @axisb |
| 6 | Google Pay | Axis Bank | @okaxis |
| HDFC Bank | @okhdfcbank | ||
| ICICI | @okicici | ||
| State Bank of India | @oksbi | ||
| 7 | JustDial | HDFC Bank | @hdfcbankjd |
| 8 | Make My Trip | ICICI | @icici |
| 9 | Mi Pay | ICICI Bank | @myicici |
| 10 | MobiKwik | HDFC Bank | @ikwik |
| 11 | Phonepe | Yes Bank | @ybl |
| ICICI Bank | @ibl | ||
| Axis Bank | @axl | ||
| 12 | Samsung Pay | Axis Bank | @pingpay |
| 13 | Ultrafast | IDFC Bank | @idfcbank |
| 14 | ICICI Bank | @icici | |
| Axis Bank | @waaxis | ||
| HDFC Bank | @wahdfcbank | ||
| State Bank of India | @wasbi | ||
| 15 | YuvaPay | Yes Bank | @yesbank |
| 16 | Maxwholesale | HSBC | @hsbc |
| 17 | Goibibo@ | ICICI bank | @icici |
| 18 | Time pay | The Cosmos Co-Operative Bank Ltd. | @timecosmos |
| 19 | Jupiter Money | Axis Bank Limited | @jupiteraxis |
UPI LIVE MEMBERS
| UPI Bank Live: 235 (47-PSP & 188-Issuer) | ||
| Sr. No. | Bank Name | Details |
| 1 | Axis Bank | PSP & Issuer |
| 2 | Bank of Baroda | PSP & Issuer |
| 3 | Bank of Maharashtra | PSP & Issuer |
| 4 | Canara Bank | PSP & Issuer |
| 5 | Catholic Syrian Bank | PSP & Issuer |
| 6 | Central Bank of India | PSP & Issuer |
| 7 | DBS Digibank | PSP & Issuer |
| 8 | Federal Bank | PSP & Issuer |
| 9 | HDFC Bank | PSP & Issuer |
| 10 | HSBC | PSP & Issuer |
| 11 | ICICI Bank | PSP & Issuer |
| 12 | IDBI Bank | PSP & Issuer |
| 13 | IDFC Bank | PSP & Issuer |
| 14 | Indian Bank | PSP & Issuer |
| 15 | Indian Overseas Bank | PSP & Issuer |
| 16 | IndusInd Bank | PSP & Issuer |
| 17 | Karnataka Bank | PSP & Issuer |
| 18 | Karur Vysya Bank | PSP & Issuer |
| 19 | Kotak Mahindra Bank | PSP & Issuer |
| 20 | Lakshmi Vilas Bank | PSP & Issuer |
| 21 | Punjab & Sind Bank | PSP & Issuer |
| 22 | Punjab National Bank | PSP & Issuer |
| 23 | RBL Bank | PSP & Issuer |
| 24 | South Indian Bank | PSP & Issuer |
| 25 | Standard Chartered Bank | PSP & Issuer |
| 26 | State Bank of India (all five associates) | PSP & Issuer |
| 27 | TJSB Bank | PSP & Issuer |
| 28 | UCO Bank | PSP & Issuer |
| 29 | Union Bank of India | PSP & Issuer |
| 30 | Yes Bank | PSP & Issuer |
| 31 | Bank of India | PSP & Issuer |
| 32 | City Union Bank | PSP & Issuer |
| 33 | Jammu & Kashmir bank | PSP & Issuer |
| 34 | Janta Sahakari Bank Pune | PSP & Issuer |
| 35 | Equitas small finance bank | PSP & Issuer |
| 36 | Airtel Payment | PSP & Issuer |
| 37 | Fino Payments Bank | PSP & Issuer |
| 38 | Paytm Payments Bank | PSP & Issuer |
| 39 | Bandhan Bank | PSP & Issuer |
| 40 | Jio Payment Bank | PSP & Issuer |
| 41 | Dhanlaxmi Bank | PSP & Issuer |
| 42 | India Post Payments Bank | PSP & Issuer |
| 43 | ESAF Small Finance Bank | PSP & Issuer |
| 44 | AU Small Finance Bank | PSP & Issuer |
| 45 | Dombivli Nagri Sahakari Bank | PSP & Issuer |
| 46 | NSDL Payments Bank | PSP & Issuer |
| 47 | The Surat Peoples Co-op Bank | PSP & Issuer |
| 48 | DCB Bank | Issuer |
| 49 | Cosmos Co-op Bank | Issuer |
| 50 | A P Mahesh Co-operative Urban Bank Ltd | Issuer |
| 51 | Deutsche Bank AG (Retail) | Issuer |
| 52 | Saraswat Bank | Issuer |
| 53 | Apna Sahakari Bank Ltd | Issuer |
| 54 | Vasai Vikas sahakari bank ltd | Issuer |
| 55 | Thane Bharat Sahakari Bank | Issuer |
| 56 | Mehasana Urban co op Bank | Issuer |
| 57 | GP Parsik | Issuer |
| 58 | Kalyan Janta Sahakari | Issuer |
| 59 | CITI Retail | Issuer |
| 60 | Rajkot Nagrik sahakari Bank | Issuer |
| 61 | Maharashtra Gramin Bank | Issuer |
| 62 | Gujarat state co-operative bank | Issuer |
| 63 | Hasti Co-op Bank | Issuer |
| 64 | GS Mahanagar Co op Bank(MAHANAGR BANK IN MAIN DATA BANK) | Issuer |
| 65 | Prathama Bank | Issuer |
| 66 | Karnataka Vikas Gramina Bank | Issuer |
| 67 | Andhra Pragathi Gramina Bank | Issuer |
| 68 | Kallapanna Arwade Ichalkaranji Janata sahakari Bank | Issuer |
| 69 | Kerala Gramina Bank | Issuer |
| 70 | Pragathi Krishna Gramin Bank | Issuer |
| 71 | Andhra Pradesh Gramin Vikas Bank | Issuer |
| 72 | Chhatisgarh Rajya Gramin Bank | Issuer |
| 73 | Purvanchal Bank | Issuer |
| 74 | Telangana Gramin Bank | Issuer |
| 75 | Saurashtra Gramin Bank | Issuer |
| 76 | Meghalaya Rural Bank | Issuer |
| 77 | Uttarakhand Gramin Bank | Issuer |
| 78 | Jharkhand Rajya Gramin Bank | Issuer |
| 79 | Rajasthan Marudhar Gramin Bank | Issuer |
| 80 | Mizoram Gramin Bank | Issuer |
| 81 | Bassein Catholic Co-operative Bank | Issuer |
| 82 | Tamilnad Mercantile Bank | Issuer |
| 83 | Assam Gramin Vikas Bank | Issuer |
| 84 | Jalgaon Janta co op Bank | Issuer |
| 85 | The Vishweshwar Sahakari Bank Limited | Issuer |
| 86 | Tripura Gramin Bank | Issuer |
| 87 | Manipur Gramin Bank | Issuer |
| 88 | Chaitanya Godavari Gramin Bank | Issuer |
| 89 | Kashi Gomati Gramin Bank | Issuer |
| 90 | SVC Bank | Issuer |
| 91 | Baroda Gujarat Gramin Bank | Issuer |
| 92 | Baroda Rajasthan Kshetriya Gramin Bank | Issuer |
| 93 | The Sussex Co-Op Bank | Issuer |
| 94 | NKGSB Co-op Bank | Issuer |
| 95 | Ujjivan Small Finance Bank | Issuer |
| 96 | Baroda Uttar Pradesh Gramin bank | Issuer |
| 97 | Samruddhi Co-operative Bank Ltd | Issuer |
| 98 | The Varanchha Co-Op Bank Ltd | Issuer |
| 99 | Urban Co-op BankLtd, Dharangaon | Issuer |
| 100 | Suco Souharda Sahakari Bank Ltd | Issuer |
| 101 | Sarva Haryana Gramin Bank | Issuer |
| 102 | Telangana State Co-op Apex Bank | Issuer |
| 103 | Andhra Pradesh State Cooperative Bank | Issuer |
| 104 | Maharashtra State Cooperative Bank | Issuer |
| 105 | Jana Small Finance Bank | Issuer |
| 106 | Paschim Banga Gramin Bank | Issuer |
| 107 | Bhilwara Urban Co-operative Bank Ltd | Issuer |
| 108 | Suvarnayug Sahakari Bank Ltd. | Issuer |
| 109 | The Udaipur Mahila Urban Co-Operative Bank Ltd. | Issuer |
| 110 | Maratha Cooperative Bank Ltd | Issuer |
| 111 | The Vijay Co-operative Bank Ltd, Ahmedabad | Issuer |
| 112 | The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd. | Issuer |
| 113 | Sarva UP Gramin Bank | Issuer |
| 114 | The Muslim Cooperative Bank Ltd | Issuer |
| 115 | Hutatma Co-Op Bank Ltd | Issuer |
| 116 | Punjab Gramin Bank | Issuer |
| 117 | Abhyudaya Co-op Bank Ltd | Issuer |
| 118 | Nainital Bank Ltd | Issuer |
| 119 | Himachal Pradesh Gramin Bank | Issuer |
| 120 | The Ahmedabad Mercantile Coop bank | Issuer |
| 121 | The Ahmedabad District Coop bank | Issuer |
| 122 | Madhya Bihar Gramin Bank(Dakshin Bihar Gramin Bank ) | Issuer |
| 123 | Adarsh Cooperative Bank Ltd | Issuer |
| 124 | Suryoday Small Finance Bank Ltd | Issuer |
| 125 | Shree Kadi Nagarik Sahakari Bank Ltd | Issuer |
| 126 | J & K Grameen Bank | Issuer |
| 127 | The Municipal Co-op Bank | Issuer |
| 128 | The Malad Sahakari Bank | Issuer |
| 129 | The Baroda Central Co-op Bank Ltd | Issuer |
| 130 | Fincare Small Finance Bank | Issuer |
| 131 | Kalupur Commercial Bank | Issuer |
| 132 | Patan Nagrik Sahakari Bank | Issuer |
| 133 | Sarvodaya commercial co-op bank | Issuer |
| 134 | Sindhudurg Co-op Bank | Issuer |
| 135 | Bharat Co-op Bank(Mumbai) | Issuer |
| 136 | Vikas Souharda Co-op Bank | Issuer |
| 137 | SHRI ARIHANT CO-OP BANK LTD | Issuer |
| 138 | The Udaipur Urban Co-Operative Bank Ltd. | Issuer |
| 139 | Sandur Pattana Souharda Sahakari Bank | Issuer |
| 140 | Nutan NagrikSahakari Bank | Issuer |
| 141 | The SSK Co-op Bank | Issuer |
| 142 | The Ahmednagar Merchants Co-op Bank Ltd | Issuer |
| 143 | The Baramati Sahakari Bank Ltd | Issuer |
| 144 | Shri Veershaiv Co-op Bank Ltd. | Issuer |
| 145 | The Sabarkantha District Central Coop Bank Ltd | Issuer |
| 146 | Priyadarshani nagari sahakari bank ltd jalna | Issuer |
| 147 | The satara district central co-operative bank ltd. | Issuer |
| 148 | The Kaira District Central Co-Op. Bank Ltd. | Issuer |
| 149 | The Banaskantha District Central Co-Op. Bank Ltd. | Issuer |
| 150 | The Visakhapatnam Cooperative Bank Ltd. | Issuer |
| 151 | Bhagini Nivedita Sahakari Bank Ltd,Pune | Issuer |
| 152 | The Anand Mercantile Co-Op. Bank Ltd. | Issuer |
| 153 | Citizen Co-operative Bank Ltd – Noida | Issuer |
| 154 | Shri Rajkot District Co-op Bank Ltd | Issuer |
| 155 | Krishna bhima samruddhi local area bank | Issuer |
| 156 | Chartered sahakari bank niyamitha | Issuer |
| 157 | Sterling urban co-operative bank ltd | Issuer |
| 158 | Capital Small Finance Bank | Issuer |
| 159 | Kokan mercantile co-operative bank ltd | Issuer |
| 160 | Pune cantonment sahakari bank ltd | Issuer |
| 161 | Rani Channamma Mahila Sahakari Bank Belagavi | Issuer |
| 162 | The gadchiroli district central cooperative bank | Issuer |
| 163 | Fingrowth Co-operative Bank Ltd | Issuer |
| 164 | The Banaskantha Mercantile Co-operative Bank Limited | Issuer |
| 165 | Bank of America NA | Issuer |
| 166 | Nagarik Sahakari Bank Maryadit, Vidisha | Issuer |
| 167 | Jalna Merchant’s Cooperative Bank Ltd., Jalna | Issuer |
| 168 | The Darussalam Cooperative Urban Bank Ltd | Issuer |
| 169 | The gayatri cooperative urban bank ltd | Issuer |
| 170 | Janaseva Sahakari Bank Ltd Pune | Issuer |
| 171 | Janakalyan Sahakari Bank | Issuer |
| 172 | The Himachal Pradesh State Co-operative Bank Ltd | Issuer |
| 173 | Sri Vasavamba Cooperative Bank Ltd | Issuer |
| 174 | PALI URBAN CO-OPERATIVE BANK LTD | Issuer |
| 175 | Manvi Pattana Souharda Sahakari Bank NI | Issuer |
| 176 | Jivan commercial co-operative bank ltd | Issuer |
| 177 | Shree dharati coop bank ltd | Issuer |
| 178 | Coastal local area bank ltd | Issuer |
| 179 | Citizens co-operative bank ltd | Issuer |
| 180 | Shri Chhatrapati Rajarsshi Shahu Bank | Issuer |
| 181 | The Kanakmahalakshmi Co-operative Bank Ltd | Issuer |
| 182 | The Pochampally Co-operative Urban bank Ltd | Issuer |
| 183 | The Surat District Co-op Bank Ltd. | Issuer |
| 184 | Yadagiri Lakshmi Narasimha Swamy Co-Op Urban Bank Ltd | Issuer |
| 185 | The Modasa Nagarik Sahakari Bank Limited | Issuer |
| 186 | Shri Mahila Sewa Sahakari Bank Limited | Issuer |
| 187 | Kolhapur District Central Co-operative Bank Limited | Issuer |
| 188 | Smriti Nagrik Sahakari Bank Maryadit, Mandsaur | Issuer |
| 189 | Indore Paraspar Sahakari Bank Ltd | Issuer |
| 190 | Samarth Sahakari Bank Limited | Issuer |
| 191 | Associate Co-operative Bank Limited, Surat | Issuer |
| 192 | Shri Basaveshwar Sahakari Bank Niyamit, Bagalkot | Issuer |
| 193 | The Adarsh Urban Co-op. Bank Ltd., Hyderabad | Issuer |
| 194 | The Vallabh Vidyanagar Commercial Co-operative Bank Ltd | Issuer |
| 195 | Malviya Urban Co-operative Bank Limited | Issuer |
| 196 | Sri Rama Co-operative Bank Ltd | Issuer |
| 197 | Model Co-operative Bank Limited | Issuer |
| 198 | Sbm bank (india) limited | Issuer |
| 199 | The Merchants Souharda Sahakari Bank Ltd | Issuer |
| 200 | Prime Co-operative Bank Ltd. | Issuer |
| 201 | Shivalik Mercantile Co-op. Bank Ltd. | Issuer |
| 202 | Saibaba Nagari Sahakari Bank Maryadit | Issuer |
| 203 | Madhya Pradesh Rajya Sahakari Bank Maryadit | Issuer |
| 204 | Mann Deshi Mahila Sahkari Bank Limited | Issuer |
| 205 | Shree Mahavir Sahakari Bank Ltd | Issuer |
| 206 | The New Urban Co-Operative Bank Ltd.Rampur | Issuer |
| 207 | North East Small Finance Bank Limited | Issuer |
| 208 | The Akola District Central Cooperative Bank Ltd | Issuer |
| 209 | Irinjalakuda Town Co-Operative Bank Ltd | Issuer |
| 210 | Surat National Co-operative Bank Limited | Issuer |
| 211 | The Latur Urban Coop Bank | Issuer |
| 212 | THE CO-OPERATIVE BANK OF RAJKOT LTD | Issuer |
| 213 | The Sirsi Urban Sahakari Bank Limited | Issuer |
| 214 | Vikramaditya nagrik sahakari bank | Issuer |
| 215 | The Rajkot Commercial Co-op Bank Ltd. | Issuer |
| 216 | Sadhana Sahakari Bank Ltd Pune | Issuer |
| 217 | The Eenadu Coop Urban Bank Ltd | Issuer |
| 218 | Utkarsh Small Finance Bank | Issuer |
| 219 | Chhattisgarh Rajya Sahakari Bank Mydt | Issuer |
| 220 | Sadhana Sahakari Bank Ltd Pune | Issuer |
| 221 | Sardar Vallabhbhai Sahakari Bank Ltd | Issuer |
| 222 | Lonavala Sahakari Bank Ltd | Issuer |
| 223 | The Godhra Urban Coop Bank Ltd | Issuer |
| 224 | Vaishya Nagari Sahakari Bank Ltd Parbhani | Issuer |
| 225 | Kolhapur Mahila Sahakari Bank Ltd. | Issuer |
| 226 | Rajgurunagar Sahakari Bank Ltd. | Issuer |
| 227 | The Jalgaon Peoples Co-op Bank Ltd. | Issuer |
| 228 | Bhadradri Co-operative Urban Bank | Issuer |
| 229 | Shree Panchganga Nagari Sahakari Bank Ltd | Issuer |
| 230 | The Kakatiya Co-operative Urban Bank Limited | Issuer |
| 231 | Shri Janata Sahakari Bank Limited, Halol | Issuer |
| 232 | The Dahod Urban Co-operative Bank Limited | Issuer |
| 233 | The Sarvodaya Nagrik Sahakari Bank Limited | Issuer |
| 234 | Deogiri Nagari Sahakari Bank Ltd Aurangabad | Issuer |
| 235 | Navi Mumbai Co-operative Bank Limited | Issuer |
