SEAMLESS PAYMENTS POWERING

A CASHLESS ECONOMY

UNIFIED PAYMENTS INTERFACE

www.yesbank.in

UPI

A GIANT LEAP TOWARDS A CASHLESS ECONOMY

UPI is a digital platform developed by National Payments Corporation of India (NPCI) that aims to encourage digital payments by making them easy, quick and hassle free. UPI allows secure transfer of money between any 2 account holders across participating banks from their smartphones using just their Virtual Payment Address (VPA) without entering their bank account details or filling long forms.

UPI IS BUILT AROUND

4 CORE ELEMENTS PULL AND PUSH PAYMENTS Ÿ Ÿ Ÿ Ÿ

Initiate requests for collections Authorize payments for miscellaneous purposes Push – E-shopping, investments, premiums, payments to individuals Pull – Collection of bills, premiums, outstanding dues, splitting bills

SEAMLESS TRANSACTIONS Ÿ Ÿ

Instant, Real time and 24* 7 Interoperability across different bank accounts

SECURITY Ÿ Ÿ

Strong encryption in all smartphones Payer’s credentials captured through NPCI Secure Library

SIMPLICITY Ÿ Ÿ

Bank details not needed – all transactions through a single virtual payment address One-Click 2 factor authentication

YES BANK’s Exclusive UPI Solution for Merchant Transactions Mobile App Plug-In/Server APIs

Merchant Portal Dashboard Control

§ Simple integration with all merchant apps

§ Comprehensive overview of all transactions

§ Plug and Play mechanism

§ Real time MIS and settlement reports

§ Flexible APIs allowing merchants to innovate

§ Instant transaction status and alerts

§ Allows dynamic, on the fly registrations &

§ Registration and supervison of users and sub

transactions

merchants

Individual’s Per Transaction Limit: Rs. 1 Lac

The YES BANK UPI Advantage Value For Money

Cheaper than other payment mechanisms

Immersive Experience

End-to-end execution of transactions without leaving the merchant app

Flexible

Simple & comprehensive APIs allowing merchants to freely innovate as per requirement

Ease of Use

One step checkout for registered users

ALL PAYMENTS,

Anywhere, Anytime

PHYSICAL STORES/ MERCHANTS § Vegetable vendor payments § Grocery store payments § Payment for taxi/auto/bus/train/air

UTILITY PAYMENTS § Payments for utility bills like

electricity, water, telephone, credit card etc. § Apartment maintenance fees

fares § Payment of school fees § Payments in restaurants/shops/petrol

pumps

§ Insurance premium payment

§ Toll plaza payment while travelling

§ Home loan instalments

§ Payments to milk vendor/newspaper

§ Car loan EMI Payment

vendor § Trust/Temple/relief fund/NGO

donation § Payments at the mall

ONLINE MERCHANTS/ E-COMMERCE

PEER TO PEER

§ COD payments

§ Remittances (Both Push & Pull)

§ In-App payments

§ Payment to person/friends

§ Online trading

§ Sharing bills with friends

§ Mobile recharge from newspaper

§ Salary payment to Driver

advertisement using 'Scan N Pay' § Aadhaar / mobile no based inward § Ecommerce (Collection/Pull)-

Payment through UPI after Checkout § Booking the movie tickets

remittance to another bank account

How it works

Your guide to a convenient, cashless world

A. PAYING FOR PURCHASES MADE ON ANY ECOMMERCE SITE § Sita is browsing myCartDeal for a furniture deal. She finds a leather sofa that costs Rs.40,000. She

logs in to myCartDeal and places the order. § Since it is custom made furniture, myCartDeal allows her to pay 70% as advance during the order and

the remaining 30% on delivery. During checkout, she chooses "Collect Pay" option and provides her virtual address provided by her payment service provider (PSP),YES BANK, to make advance payment and authorizes the payment for Rs.28,000.

How it works § Sita enters her virtual address on the website

during the checkout process. § Since it is custom made furniture, myCartDeal

wants to collect only 70% as advance. § They initiate the first “collect” request with

Rs.28,000 payable at checkout. § They send the collect request along with order

number to NPCI via their PSP. § NPCI routes the request based on Sita's virtual

address (sita.1234@yesbank) to her PSP - Yes Bank. § YES BANK application sends a notification to

Sita's mobile application. § Sita accepts the collect request by providing her

credentials.

§ NPCI notifies myCartDeal's PSP about the

successful payment and myCartDeal confirms the order. § Once the furniture is ready, myCartDeal

creates a new collect request for the remaining amount (Rs.12,000) with a "pay by" date and sends it to Sita's PSP. § Sita snoozes the request and leaves it in her

mobile application’s inbox since it needs to be paid only after delivery. § Once the furniture is delivered, Sita clicks on

her inbox item (second pending collect request) and authorizes the payment for Rs.12,000 § The transaction is now complete with seamless

operability within the application itself.

§ YES BANK debits the specified amount

(Rs.28,000/-) within the collect request from her account and confirms the debit back to NPCI.

Most relevant for businesses enabling online purchases

B. COLLECTING MONEY FROM A FRIEND § Two friends Jack and Jill go out for dinner and Jack pays the bill. They agree to split the bill in half.

Jack pays the full amount, and asks Jill to pay her half within a week.

How it works § Jack logs on to his YES BANK mobile

application § Jack initiates the collect request by providing

Jill's address - Jill.444@yesbank § Jack enters the amount to be paid by Jill § Jill gets a message on her phone with the collect

request from Jack for the required amount. Jill's PSP also shows Jack's full name reflected in the Aadhaar system which was verified during Jack's on boarding

§ Her mobile application reminds her after the

snooze period is over. § She accepts the collect request, provides

biometric credential using her biometric enabled smartphone, and authorizes the payment. § Jack receives confirmation of payment.

§ Jill is in a meeting, so she snoozes the request

and decides to attend it later. Since the request had specified that it can be paid within a week, Jill's mobile application allows such snooze and reminder features.

Most relevant for companies providing peer to peer payments

Our Partners

FAQs Can a customer have Multiple Virtual Payment Addresses (VPAs) with multiple banks?

Yes

Can one account be linked to multiple VPAs?

Yes

Can multiple accounts be linked with one VPA?

Yes

Can a customer set MPIN/ reset MPIN?

Yes, using Debit Card credentials

Can a customer send money to non UPI Banks?

Yes, if beneficiary Bank is on IMPS

Can collection be done using Account No./Aadhaar/Mobile number?

Not currently

Can a merchant have a custom UPI handle? (e.g. @merchant name)

Not allowed by NPCI

Can UPI be used from a website?

Collect request initiated from website can be authorized on a mobile app

To know more, visit : www.yesbank.in/upi

900 Branches Pan India | 1,710 ATMs | 18,000+ YES BANKers Corporate Office: YES BANK Tower, IFC 2, 27th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013, India