Participants

PAYMENT SERVICE PROVIDER (PSP)

• PSPs will be banks who will provide Apps

BANKS

• Merchant or customer’s bank (account relationship)

• NPCI provides UPI interface.

Push and Pull PaymentsVirtual Address

(‘Username@PSPName’)Transfer using Single

identifier like Aadhaar No

Banks – (Payment Service Provider) will provide App to customers of any bank

One App for all transaction needs

Single Click 2FA

Unified Payments Interface

Transaction Types

Financial Transactions

• Pay Request

• Collect Request

Non-Financial Transactions

• Mobile Banking Registration*

• Generate One Time Password ( OTP)

• Set / Change PIN

• Check Transaction Status

* For mobile numbers already registered with the bank for SMS alerts

Simple enabling Steps

Step 1• Download PSP App

and create Profile

Step 2• Add Bank Account/s

Step 3• Register for Mobile

banking, if not already registered / Generate PIN for Transactions

Authentication

Authentication First Txn Authorised by Subsequent Txn Authorised by

1st FactorMobile Number

(Outbound Encrypted SMS)

Issuer Device Finger print PSP

2nd Factor PIN or Biometrics Issuer PIN or Biometrics Issuer

Single Click 2FA

4 Party P2P Collect Transaction

Payee PSP Payer PSP

1

2 3

4

7 8

9

10

5 6

Payer agrees to pay and enters the PIN

Payee Initiates the Transactions

Person requested funds by using UPI App

HDFC Bank SBI

Axis Bank (Remitter)

UPI

ICICI Bank (Beneficiary)

Payers virtual address flows to UPI for address resolution and authorization through payee PSP

7

4 Party P2P Pay Transaction

Payer PSP UPI Payee PSP

1

2 3

4

7 8

9

10

5 6

Person enters the PIN

Person Initiated payment by using UPI App

Issuer Bank

UPI

Acquirer Bank

Remitter PSP Beneficiary PSP

Beneficiary's virtual address flows to UPI for address resolution through payer PSP

8

Suggested Broad Use cases

Physical Stores/Merchants

• Vegetable Vendor Payment

• Grocery store Payments

• Payment for

Taxi/auto/Bus/Train/Air

fares

• Payment in

restaurants/shops/petrol

pumps

• Fee Payment to various

educational institutes

• Toll plaza payment while

travelling

• Payment to milk

vendor/newspaper vendor

• Trust/Temple/relief

fund/NGO donation

• Payment at the Mall

Online Merchants/E-commerce

• COD Payments

• In-App payments

• Mobile recharge from

newspaper advertisement

using 'Scan N Pay'

• Ecommerce (Collection/Pull)-

Payment through UPI after

Checkout

• Booking the movie ticket

Utility Payments

• Payment for various bills

like electricity, water,

telephone, credit card

etc.

• Apartment maintenance

fee bill presentment and

payments

• School fee bill

presentment and payment

• Apartment maintenance

fee bill presentment and

payments

• Insurance premium

payment

• Instalment payment of

loan

• Car Loan EMI Payment

Peer to Peer

• Remittance (Both Push & Pull)

• Payment to person/friends

• Sharing of bills with friends

• Salary Payment to Driver

• Aadhaar / mobile no based

inward remittance to another

bank account

10

UPI Apps of Banks Status (21/07/2016)

No. Bank name Last production APK -Date Product Sign-Off on App flows & Mandatory Functionalities

1 Union Bank 14th July Application Available

2 United Bank 14th July Application Available

3 PNB 14th July Application Available

4 Vijaya Bank 14th July Application Available

5 ICICI Bank 14th June Some mandatory functionalities to be enabled yet

6 Federal Bank 16th july Application Available

7 Axis Bank 15th julyConditional App availabilityAlong with VPA Account also gets deleted. Along with Account VPA also gets deleted (1 month waiver given)

8 Yes bank 15th july Application Available

9 UCO Bank 15th july Application Available

10 DCB Bank 15th julySome mandatory functionalities to be enabled yet

11 Canara Bank 15th july Application Available12 OBC Bank 15th july Application Available

13 Bank of Mah 5th July Application Available

14 BMB 19th july Application Available

15 South Indian 19th july Application Available

16 TJSB Bank 19th july Application Available

17 CSB Bank 15th July Application Available

18 Karnataka Bank 14th July 2016 Application Available

19 Andhra Bank 14th July 2016 Application Available

Thank you