<\/p>\n
\u3000\u3000### Explore the interrelationship between UPI, payment links and payment gateways<\/p>\n
\u3000\u3000##### 1. what is UPI<\/p>\n
\u3000\u3000UPI (Unified Payment Interface) is a real-time payment system regulated by the Reserve Bank of India (RBI) that allows users to make peer-to-peer transactions without having to enter their bank details at the time of each payment.<\/p>\n
\u3000\u3000#### 2. UPI interoperability<\/p>\n
\u3000\u3000NPCI (National Payments Corporation of India) has launched UPI Interoperability Pilot, with UPI number, users can create an 8-10 digit code and use it in any UPI application. By 1 December 2021, all UPI applications will have to be UPI ID compliant.<\/p>\n
\u3000\u3000##### 3. What is the payment link<\/p>\n
\u3000\u3000Payment Link is an online payment method that allows users to complete transactions through their chosen UPI application or any available NEFT\/IMPS\/RTGS option by sending a unique URL to a secure payment page.<\/p>\n
\u3000\u3000##### 4. what is a payment gateway<\/p>\n
\u3000\u3000A payment gateway is a service provider that securely transfers funds between a customer and a merchant, acting like a middleman and providing a secure environment that prevents the disclosure of sensitive customer information, such as card details.<\/p>\n
\u3000\u3000##### 5. Is UPI a payment gateway?<\/p>\n
\u3000\u3000UPI is a simple interbank transfer network, while payment gateways are a subset of payment service providers (PSPs) with multiple underlying processes and steps. While the ultimate goal of both is to facilitate payment transfers, UPI is simpler.<\/p>\n
\u3000\u3000##### 6. UPI, payment links vs. payment gateways<\/p>\n
\u3000\u3000- **Transaction fees**: Payment gateways typically charge a transaction fee of about 2.01 TP3T, while UPI and Payment Links have lower transaction costs, thanks to the government-mandated zero merchant discount rate (MDR).<\/p>\n
\u3000\u3000- **Fund Settlement Time**: Payments through payment gateways can take 1-3 days to arrive, whereas UPI's fund transfers are almost instantaneous.<\/p>\n
\u3000\u3000- **Open Infrastructure**: UPI is open and allows technology companies to build applications to manage users' bank accounts.<\/p>\n
\u3000\u3000- **Float or interest**: Payment gateways may earn float or interest until the funds are settled.<\/p>\n
\u3000\u3000##### 7. Which industries could benefit from UPI and payment links<\/p>\n
\u3000\u3000- **B2B platforms**: B2B businesses in particular can benefit from UPI and payment links as they can save significant transaction costs.<\/p>\n
\u3000\u3000- **Logistics and Trade**: The logistics and trade industries need to track payments and expenditures, and UPI and Payment Link provide a more efficient solution.<\/p>\n
\u3000\u3000- **POS payments**: Merchants and shop owners encourage the use of UPI-based QR codes or links to avoid fees on credit and debit card transactions.<\/p>\n
\u3000\u3000Through this paper, we have explored UPI, Payment Links and Payment Gateways in detail and understood their interrelationships and comparisons.<\/p>","protected":false},"excerpt":{"rendered":"
\u3000\u3000### \u63a2\u7d22UPI\u3001\u652f\u4ed8\u94fe\u63a5\u548c\u652f\u4ed8\u7f51\u5173\u7684\u76f8\u4e92\u5173\u7cfb \u3000\u3000#### 1. \u4ec0\u4e48\u662fUPI \u3000\u3000UPI\uff08\u7edf\u4e00\u652f\u4ed8\u63a5 […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29","post","type-post","status-publish","format-standard","hentry","category-1"],"yoast_head":"\n