•   over 1 year ago

PayId Integrations with UPI (Unified Payment Interface)

Most of the digital payments in "India" are happening via Unified Payment Interface (UPI). While there are other mechanisms such as NEFT, RTGS, IMPS, etc. However as of today, these are limited to Bank only payments. I am interested to understand the below aspects.

1) How PayId integration on top of UPI can help in making a simple payment.
2) How PayId integration will solve the multiple payment addresses supported by each of the vendors participating in the UPI network.

I am just considering the UPI as an example of the most complex payment aspects that are currently handled in India. I am sure the PayId integration be an added advantage on top of the existing payment systems in place.

UPI Specification - https://www.npci.org.in/sites/default/files/UPI%20Procedural%20Guidelines_29oct19.pdf

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