UPI Payments

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Payment Gateways
Best Upi Payment Of India
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Multi bank model approach

• Razorpay closely works with multiple banks and
  payment technology service providers to solve the
  exact customer requirement. In the case of UPI
  payments, we work with 6 different banks and
  route transactions based on our Smart Routing
  solution. This helps businesses to keep getting
  best in class success rate, even if there is
  downtime on one bank or the other. 

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How to Start Using UPI Payments

• To ensure seamless digital transactions using
  UPI, a few fundamental prerequisites need to be
  in place
• Ensure you have a smartphone with a reliable
  operating system that can support UPI-enabled
  applications.
• You must have an active bank account with a bank
  that offers UPI services.
• Make sure your mobile number is linked to your
  bank account for verification purposes.
• A stable internet connection is essential to use
  UPI services effectively.

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Payer App/PSP Initiating the Transaction

• The UPI transaction journey begins with the payer
  app or Payment Service Provider (PSP). Payer PSPs
  are apps that allow customers to
  initiate/complete transactions. For example
  Gpay, Phonepe, Bhim, PayTM, etc.
• As the starting point, the payer app enables the
  user to initiate the payment process. The user
  opens the app, selects the recipient, and enters
  the transaction details, including the amount and
  any optional remarks.

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Thank you!