upi_inr
A revolutionary real-time mobile payment system developed and managed by the National Payments Corporation of India (NPCI).
How it Works?
- UPI enables seamless and instant fund transfers between two bank accounts using a virtual payment address (VPA), mobile number, or QR code.
- Users link their bank accounts to one or more UPI-enabled mobile applications (provided by banks or third-party providers like Google Pay, PhonePe, Paytm).
- A user initiates a payment request through their UPI app by entering the recipient's VPA, mobile number (linked to a bank account via UPI), or by scanning a UPI QR code.
- The payment is authenticated using a secure PIN (UPI PIN) set by the user for their linked bank account.
- Once authenticated, the funds are instantly debited from the sender's account and credited to the recipient's account in real-time.
Payment Method type
Users can use the below payment method type to create a transaction using UPI in the available geography:
- India:
upi_inr
Functionality
| Functionality | Yes/No | Description |
|---|---|---|
| Refund Support | ||
| Full Refund | ✅ | |
| Partial Refund | ❌ | |
| Generally Available | ❌ | Onboarding approval required. Usual SLA is 1 week. |
| Disputes and Chargebacks | ✅ |
Limits and Expiration
The following is the upper and lower limits for UPI transactions:
- Minimum Limit: USD 0.02
- Maximum Limit: USD 1000
The default expiration for a transaction is 24 hour.
User Experience
Redirect Experience
For more details, please click here.
Updated 3 days ago