Set up real-time payments & collections with UPI Collect or UPI Intent Flow and create a seamless cash flow for your business. Enable instant settlements for your customers, partners, or merchants/vendors using UPI APIs

UPI for business

UPI or Unified Payments Interface is a payments system developed by the National Payments Corporation of India[NPCI] that facilitates money transfer between two bank accounts instantly and in real-time.

According to reports by Statista, a total of 2.8 billion digital payment transactions worth over ₹5 trillion happened over UPI in India in June 2021. With the ever-increasing rise in UPI payments, hop your business on the bandwagon to provide an exceptional experience to your customers and save operational costs!

You can facilitate payments via UPI for your customers across any application such as Google Pay, or PhonePe, or directly via UPI VPA[Virtual Payment Address]. Not just payments, there’s a lot more you can do via APIs for UPI for streamlining cashflows for your business. More on those in the coming sections!

How Can UPI Payments Help Your Business

Reduce Transaction Costs

Save on the ~2% fee for each transaction on payment gateways or PSPs. Utilize UPI’s zero Merchant Discount Rate (MDR) for your business.

Avoid Fund Settlement Delays

Enable instant fund settlements for your merchants, vendors, & customers. No more making your customers wait for 2-3 days!

Elevate Customer Journey

Elevate customer experience with UPI’s one-click payments journey. Provide security & finesse at one go!

Increase Payment Success Rates

Reduce customer drop-offs and dodge frequent payment failures via PGs or card networks. Take your overall success rates to beyond 98% with UPI

How Can You Leverage UPI APIs

Set up a sturdy payments stack for your business using Ne5’s APIs for UPI. Facilitate collections, enable instant payments, authenticate VPAs, provide QR payments, and more! Let’s dig deep!

Facilitate Instant Payments

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Streamline Collections

Create & share payment links with your customers via popular channels like WhatsApp with conversational banking. Reduce collection costs by 5X using simple plug & play UPI APIs and enable Request to Pay (R2P) on popular apps for your customers. Reconcile all transactions, even failed ones, in real-time using virtual accounts tied to each UPI ID.

Set-up Intent Flows & QR Collections

Create UPI intent flow on your platform and provide a seamless payment experience for your customers. Enable your customers to opt for their preferred UPI app, pre-populate payments details, and complete the transaction at a go. Or, create & share static/dynamic QR codes, tied to UPI IDs, for offline collections.

Enable UPI Autopay & Split Payments

Shed all worries related to recurring payments using UPI Autopay. Enable your customers to schedule autopay on their accounts or wallets with just a click for any subscriptions. If you are a retailer or an e-commerce business, employ Split Payments APIs and settle money from a single customer to multiple vendors & sellers simultaneously.

Validate UPI IDs Before Transfer

Verify a UPI ID or VPA before initiating payments or collection requests to a user’s account and enhance the success rates. Validate UPI APIs will help you verify an ID from NPCI’s end and fetch merchant-level details for both Business and Savings accounts.

Why Ne5 Apis

UPI Payments For Your Business

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