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What is Unified Payments Interface (UPI)?

The Unified Payments Interface (UPI) is an innovative real-time payment system developed by the National Payments Corporation of India (NPCI) that facilitates instant and seamless fund transfers between bank accounts via mobile devices. Launched in 2016, UPI has significantly reshaped the digital payments environment in India, enabling users to easily send and receive money, pay bills, and make purchases directly from their smartphones without the need for traditional banking methods or credit card details. Utilizing a Virtual Payment Address (VPA), UPI simplifies transactions and eliminates the requirement to share sensitive banking data. Its strong security framework, along with the ability to link multiple banks through a unified platform, allows for features such as QR code payments, scheduled transactions, and peer-to-peer money transfer requests. The widespread adoption of UPI has been instrumental in propelling India towards a more cashless economy, providing enhanced convenience and accessibility for millions of users nationwide. Moreover, UPI not only streamlines financial interactions but also fosters greater financial inclusion and stimulates innovation within the realm of digital payments, ultimately contributing to a more advanced economic landscape.

What is Transact Bridge?

As the foremost provider of Merchant of Record (MoR) services in India, we enable businesses to confidently navigate the complex dynamics of the Indian market. Our tailored services facilitate seamless payment processing, allowing you to concentrate on growth and achieving success. Regardless of your sector—whether it’s e-commerce, gaming, or others—our solutions incorporate widely used Indian payment methods such as UPI, Netbanking, Paytm, PhonePe, and credit cards. Partnering with us not only enhances your operational efficiency but also allows you to take advantage of the numerous opportunities offered by India's thriving economy. We also play a crucial role in mitigating currency risk and optimizing foreign exchange transactions by providing current FX rates and effective hedging solutions, leading to greater transparency and improved profitability. Our dedicated team ensures tax compliance, guiding your business to meet all regulatory standards in various markets, which ultimately conserves your time and resources. With our customizable dashboards and reports, you can unlock essential insights into customer behavior, preferences, and sales trends, empowering you to make informed decisions that drive your business forward. Additionally, we are committed to offering continuous support, helping you tackle any challenges that may emerge in an ever-changing market landscape. Our focus on innovation ensures that we remain at the forefront of industry developments, guaranteeing that you have the tools needed for sustained success.

Media

Media

Integrations Supported

PhonePe
Amazon Pay
BharatPe
BuyUcoin
Cardinal
Cashfree Payments
Digital Showroom
Google Pay
Mastercard Payment Gateway Services
Nimbbl
Seair Exim Solutions
Society Notebook
Thrive
Transact Bridge
Unified Payments Interface (UPI)
VasoolBook
Visa Click to Pay
Vyapar
Zapit
myBillBook

Integrations Supported

PhonePe
Amazon Pay
BharatPe
BuyUcoin
Cardinal
Cashfree Payments
Digital Showroom
Google Pay
Mastercard Payment Gateway Services
Nimbbl
Seair Exim Solutions
Society Notebook
Thrive
Transact Bridge
Unified Payments Interface (UPI)
VasoolBook
Visa Click to Pay
Vyapar
Zapit
myBillBook

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

National Payments Corporation of India (NPCI)

Date Founded

2016

Company Location

India

Company Website

www.npci.org.in/what-we-do/upi/product-overview

Company Facts

Organization Name

Transact Bridge

Date Founded

2023

Company Location

India

Company Website

www.transactbridge.com

Categories and Features

Mobile Payment

ACH Support
Contactless / NFC
Credit Card Support
Cryptocurrency Support
Debit Card Support
In-App Payments
In-Store Payments
Micropayments
P2P Payments
eCommerce Payments

Categories and Features

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