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 SECURITY
PUSH PAYMENTS
Ÿ Initiate requests for collections Ÿ Strong encryption in all smartphones
Ÿ Authorize payments for miscellaneous Ÿ Payer’s credentials captured through NPCI
purposes Secure Library
Ÿ Push – E-shopping, investments, premiums,
payments to individuals
Ÿ Pull – Collection of bills, premiums,
outstanding dues, splitting bills

SEAMLESS SIMPLICITY
TRANSACTIONS
Ÿ Instant, Real time and 24* 7 Ÿ Bank details not needed – all transactions
Ÿ Interoperability across different bank through a single virtual payment address
accounts Ÿ 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
Cheaper than other payment mechanisms
Money

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

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

Ease of
One step checkout for registered users
Use
ALL PAYMENTS,
Anywhere, Anytime

PHYSICAL STORES/ UTILITY

MERCHANTS PAYMENTS

§ Vegetable vendor payments § Payments for utility bills like

§ Grocery store payments
§ Payment for taxi/auto/bus/train/air
fares
§ Payments in restaurants/shops/petrol
pumps
electricity, water, telephone, credit
card etc.
§ Apartment maintenance fees
§ Payment of school fees
§ 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/ PEER TO
E-COMMERCE 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)- remittance to another bank account
Payment through UPI after Checkout

§ Booking the movie tickets

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 § NPCI notifies myCartDeal's PSP about the
during the checkout process. successful payment and myCartDeal confirms
the order.
§ Since it is custom made furniture, myCartDeal
wants to collect only 70% as advance. § Once the furniture is ready, myCartDeal
creates a new collect request for the remaining
§ They initiate the first “collect” request with
amount (Rs.12,000) with a "pay by" date and
Rs.28,000 payable at checkout.
sends it to Sita's PSP.
§ They send the collect request along with order
§ Sita snoozes the request and leaves it in her
number to NPCI via their PSP.
mobile application’s inbox since it needs to be
§ NPCI routes the request based on Sita's virtual paid only after delivery.
address (sita.1234@yesbank) to her PSP - Yes
§ Once the furniture is delivered, Sita clicks on
Bank.
her inbox item (second pending collect
§ YES BANK application sends a notification to request) and authorizes the payment for
Sita's mobile application. Rs.12,000
§ Sita accepts the collect request by providing her § The transaction is now complete with seamless
credentials. 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 § Her mobile application reminds her after the
application snooze period is over.
§ Jack initiates the collect request by providing § She accepts the collect request, provides
Jill's address - Jill.444@yesbank biometric credential using her biometric
enabled smartphone, and authorizes the
§ Jack enters the amount to be paid by Jill
payment.
§ Jill gets a message on her phone with the collect
§ Jack receives confirmation of payment.
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
§ 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