Do you wish to integrate UPI payment options into your website? If so, then your search is over. In this article, we are going to discuss how you can integrate UPI into the payment gateway of your business.
What Is UPI?
UPI is an acronym for Unified Payment Interface. It is an online option available for making payments in India. Using UPI, you can pay anyone who has a UPI ID using your mobile. The most popular applications available at this point are Google Pay, PhonePe, BHIM, WhatsApp Payments, Paytm and so on.
UPI payment gateway integration plays a very important role for businesses by accepting payments from customers through UPI applications. And you know what? You can simplify the payment procedure of your business by simply creating a UPI link for your business.
How To Set Up A UPI Account?
After understanding what UPI is, the next question that must be popping into your head is, how to set up a UPI account! So, read further to find your answers.
- Set Up a UPI Account
First things first, set up a UPI account. All that you require is your bank account number and IFSC code.
The current accounts of the user should be linked while setting up UPI for the business. What UPI does is, mask the IFSC codes and account numbers of both receivers as well as sender for security purposes. After that the customer can easily create UPI by following all these steps:
- Download a third-party UPI application.
- Then, create your VPA or virtual payment address.
- After that, set up MPIN to validate all the transactions.
- Then create an account using your mobile number and bank account number.
- Link your bank account with the VPA.
- And you have successfully set up your UPI account.
Start Making Transactions
Then comes the turn to make transactions using UPI. Using UPI for doing transactions is very convenient, quick and simple. To make the payments, all that a user needs to do is, enter the UPI ID of the sender and the confirmation PIN. As soon as you enter your PIN, the amount gets debited from your bank account.
UPI Payment Gateway Integration— How To Integrate UPI In A Payment Gateway?
The UPI payments are integrated into various businesses in different ways. The conventional method is to retrieve the UPI SDK offered by the PSPs or payment service provider banks.
- In the intent payment, the sender starts the transaction. For instance, you pay at a store by scanning its QR code.
- In the Collect payment, the receiver starts the transaction. For instance, the store from which you’re making a purchase will create a UPI mandate asking you to confirm the amount.
Below we have listed some of the most common UPI payment gateway integrations.
Intent flow UPI
In this type of UPI payment gateway integration, the UPI application is launched automatically and hence, it offers a seamless experience to the customers.
- The customers choose the payment option through the application they prefer.
- The VPA as well as the amount are already filled.
- The customer doesn’t need to enter the details.
- Also, they don’t have to wait for the SMS/Push notifications.
- Before the confirmation of payment, two-factor authentication via a UPI PIN is carried out.
- Then finally, a payment notification is sent on the respective website.
Collect flow UPI
Moving on to the conventional UPI flow. It permits the holders or bank account to make transactions using VPAs without the need of entering any additional details/ information. The steps of UPI payment integration include:
- First, choose the UPI as a payment option on the website and then enter a valid VPA.
- Then, a collect request is sent to the customer through push notifications, to verify the PIN, UPI MPIN.
- After completion, a notification is sent to the business or website.
UPI SDK flow
This is a framework for integrating the UPI as a payment method into your website securely and effectively. In this case, the customers/users don’t need to open any third-party application to make the payments. By making use of UPI SDK, the businessman can receive the payments without opening any external or third-party applications.
- To integrate the UPI SDK into your website, you need to collaborate with the banks which are offering this service.
- Only a few selected banks that offer SDK flow have the authority to operate as a Payment Service Provider.
Conclusion
Here we are towards the end of our blog on UPI payment gateway integration. If you have not yet integrated UPI into your payment gateway, then make sure to do it right now. It can bring amazing transformation to your business in terms of better conversion rates and overall performance.
