ePaisa has announced a new feature in their app called UPI Scan to Pay. This feature will enable retailers, shopkeepers, and others to collect payments from their customers by using BHIM app or other bank-promoted UPI payment apps by scanning a static/dynamic QR Code. The feature is available both on Android and iOS for offline merchants to download.

National Payments Corporation of India (NPCI) introduced Unified Payments Interface, or UPI, in April 2016 to facilitate immediate fund transfers between two bank accounts. The new UPI Scan to Pay feature allows payment of everyday transactions between customers already using UPI enabled mobile devices and merchants equipped with ePaisa’s point of sale ecosystem. The platform works effortlessly with existing terminals. Thus all retailers already using ePaisa can now use the UPI Scan to Pay feature in their UPI enabled the app. Merchants using the new feature will incur in lower per-transaction rates, as proposed for QR code-based payments, and will receive an instant credit to their accounts, reducing their working capital cycle. UPI - SCAN TO PAYWorking of Scan to Pay feature

  • When retailers, shopkeepers or customers request UPI payment mode, the merchant simply needs to select UPI – Scan to Pay option on the ePaisa app and input the relevant bill amount.
  • This generates a dynamic QR-code on the screen itself which the customer can scan using their UPI or BHIM App.
  • Once scanned, the QR code automatically transfers relevant transaction details and displays it on the app for authorizing a payment transfer.

Once the customer completes the payment transfer, the merchant will get a successful transaction confirmation.

“This new feature rollout in the app will open up the path to extending UPI payment acceptance to potentially all the card accepting merchants or customers. We see a strong demand for Payment through QR code. The rollout of our new feature is a step towards simplifying UPI payment acceptance at multiple touchpoints. We are deepening our offerings by creating innovative solutions at the Point of Sale and making commerce easy. Thousands of merchants are already using the ePaisa platform to run their businesses. With the roll out of ‘UPI – Scan to pay’ feature, the company aims to further simplify the life of business owners.” said Siddharth Arora, co-founder, ePaisa.

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