UPI Payment Solution - How to integrate UPI for Instant Pay-in and Pay-out Solutions

Er. Varun Kumar
November 7, 2024
06 Mins read
UPI

Every organization worldwide is gradually moving to a digital environment. Currently, digital payment technology is becoming important for businesses across all sectors. All the reputed organizations are rapidly integrating the payment solutions for their financial transactions to improve operational efficiency. In India, the Unified Payments Interface, is gradually changing the whole payment ecosystem. For all business owners, integrating UPI, boost their customer experience. Focusing on the same Wonderpay’s streamlined UPI integration can significantly benefit all businesses looking to enhance their payment capabilities with smooth and seamless online transactions.

The National Payment Corporation of India NPCI came into action in April 2016. The total banking system of India evolved as a result of UPI. Wonderpay is playing an important part in this evolution.

Table of Contents

Insights: UPI Payment Integration

UPI - Unified Payments Interface has modified the digital platform of payment. Wonderpay facilitates instant settlement of all the transactions with a safe and secure connection between the banks. In the present world of the digital market, the integration of UPI payment gateways plays a vital role for businesses. Have a look at all the particulars involving the process of integration.

TPAP - Third Party Application Provider

TPAP provides users with initiatives that optimize transactions utilizing the Unified Payments Interface (UPI). TPAPs work with banks to offer UPI services, which allow customers to make payments, transfer funds, and manage their accounts. Although TPAPs facilitate transactions, they do not hold the user’s funds.

PSP - Payment Service Provider

It provides technology for businesses and consumers to manage all types of digital transactions, including bank transfers, debit / credit card payments and UPI payments, etc. PSPs act as link between businesses, banks, and customers for streamline financial transactions. All the transaction are executed securely.

NPCI - National Payment Corporation of India

NPCI keeps all the controls over retail payments and payment settlement systems. The NPCI is created as a non-profit organization by the Indian Bank Association (IBA) & Reserve Bank of India (RBI). NPCI established is essential in the whole digital payment systems that include the Unified Payments Interface and Immediate Payment Service (IMPS). Npci comes into action with having mission to provide innovative, reliable, and efficient payment solutions across the country. It makes digital transactions more simple and safer.

Wonderpay: The Trusted Partner for UPI Payments

The integration of digital payment solutions like UPI is a game changer for businesses of all sizes. Wonderpay makes this process seamless, so your customers no longer need to rely on third-party apps for completing transactions.

With Wonderpay, you get:

99.99% uptime
Success rate of over 90%
Transaction processing in less than 0.1 seconds
Real-time alerts for transaction monitoring
24/7 security for financial information
Instant settlement and technical support

Wonderpay processes over 120 million UPI transactions daily.

Start Your Transaction at Wonderpay

What are the types of UPI Payment Gateway Integration?

From any website or application, the collection via UPI in three ways. The different types of UPI integration provided by payment gateways are listed below.

UPI Collection

The payee has to initiate the transaction. For example, at the moment of making payment after the shopping by the consumer from any website or application. The website or application creates a UPI collection request for the consumer. The consumer then enters a virtual payment address (VPA) for completing the transaction.

UPI Intent

The payer has to initiate the UPI intent. For example, when the consumer, after shopping, comes on the payment page. Automatically, it is redirected to the selected UPI service provider for the transaction. After completing the transaction, the consumer is automatically redirected back to the website or application. This payment integration of UPI provides a higher level of successful transaction.

UPI Plug-in SDK

The UPI Plug-in Software Development Kit is the greatest and largest addition to the UPI Payment Gateway Integration ecosystem. It allows all sizes of businesses to collect payments within their website or application. It is the most convenient way for the consumer, as it permits to complete the transaction in just a second. It reduces the time delay required for doing any transaction. To offer your consumer the best UPI payment experience, UPI Payment

Steps for Integrating UPI Payment Gateway

Step 1: Select UPI Payment Gateway Provider

Selection of a trustworthy digital payment provider is the initial step. All the various payment gateways make a difference with unique services and offers. So, invest your truthful effort in finding an effective payment gateway that meets your business requirements.

Integration Support: Ensure seamless integration options on the website or application.
Transaction Fees: Compare the transaction charges of different providers.
Security Feature: Multi-layer authentication is essential to safeguard user information.
Compatibility: Ensure the provider’s service integrates with your existing system.
Success Rate: Choose a provider with a high transaction success rate.
Settlement Support: Opt for instant settlement providers.
Operational Support: Choose providers with proper dashboards, alerts, and operational communication.

Step 2: Registration and Documentation

After selecting the perfect payment gateway, you must register by submitting the required documents.

KYC (Know Your Customer): Business registration verification for identification and address proof.
Banking Information: Link your business’s bank account with the UPI payment gateway.
Business Information: Fill in your business details like name, location, and contact info.

Step 3: Integration of API in UPI Payment Gateway

APIs act as the bridge between your website or app and the UPI payment gateway. Here are some considerations during API integration:

Testing Environment: Use a testing environment to ensure everything works perfectly before going live.
Customization: Customize the functionality and appearance to suit your business needs.
Error Handling: Plan to handle transaction issues to ensure smooth customer experiences.

Step 4: Testing of UPI Payment Gateway

Before going live, thoroughly test the UPI Payment Gateway. Here’s a checklist to help you:

Transaction Test: Conduct small transactions to ensure correct payment processing.
Compatibility: Test the gateway on different devices and browsers for universal compatibility.
Security: Verify all security measures are in place, including user authentication.

Step 5: Go Live

It’s time to activate the UPI payment gateway on your website. Here’s how to ensure a successful launch:

Communication: Inform customers about the new payment gateway.
Customer Assistance: Ensure customer service is ready to assist with payment-related issues.
Monitor Performance: Keep an eye on the integration’s performance and address any issues quickly.