Ensure a secure digital transaction by validating and verifying the UPI address.
The vision of making India a cashless economy rides on the back of the instant real-time payment system called Unified Payment Interface (UPI), developed by the National Payment Corporation Of India (NPCI). This seamless cash flow journey is facilitated by a unique UPI ID/address [eg. abc@xyzbank], which is created and mapped against your existing bank account, which in turn allows you to send and receive money electronically.
Touted as the most secure platform for cashless transactions, by NPCI, and with the volume of UPI transactions crossing the 7 Billion mark in September 2022, the need for UPI validation and verification is at an all-time high.
The background verification at the time of onboarding a new vendor/merchant/customer/user.
Real-time data sourced from partner banks ensuring up to date information on newly created accounts
Validate VPA instantly and get access to the UPI ID holder's name, type of the account (Savings/current), and IFSC code of the registered bank account.
Single API- to verify user’s UPI ID
Also obtain and verify powerful additional details such as the kind of underlying account (business/savings), Merchant category code (MCC), IFSC code of the bank account.
Set up a robust and secure payments stack for your business using Ne5’s APIs for UPI ID verification. Pave the way for automated workflows, enhanced security within your transactions, and more.
With secure and transparent access to data, the risk of identity fraud is eliminated right at the onboarding process.
A powerful API that integrates with your systems to automate verification, without exposing data to a third party, thereby eliminating any delays in the on-boarding of new vendors/ merchants/clients.
Flexible and easy-to-integrate APIs for your existing workflows, or set up an automated workflow to elevate the customer experience with a quick and efficient verification journey.
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