A mobile app solution for merchants to accept payment via UPI
IDBI QR POS: A mobile application based solution for payments acceptance by merchants through UPI.
IDBI QR POS is a hassle free mobile based Point-of-Sale solution offered by IDBI Bank Ltd. to its merchants for accepting payments through UPI, available for 24*7. Any customer (individual and non-individual) who conduct commercial business and maintain operative account with IDBI Bank, is eligible to avail IDBI QR POS services.
Salient Features: • Simple Documentation. • Zero Setup Fees. • No separate Acceptance Hardware required. • Multiple collection Points. • Merchant's Smart Phone becomes a Terminal for acceptance. • Real time credit of funds in merchants' bank account. • Payment acceptance through all Bank UPI/BHIM App. • Detail dashboard available for merchant. • Safe and Secure technology complying with necessary NPCI and statutory guidelines. • Bank can also provide API/SDK, on select basis, to ecommerce giants, payment aggregator and corporate clients so that they can provide "Pay by UPI" facility to their customers on websites and inside their own Mobile Apps.
Using IDBI QR POS application offers numerous advantages to merchants, such as immediate crediting of funds to their accounts, instant SMS alerts of transactions and convenient access to transaction history, among other benefits.
Benefits to merchant: • No setup fee to be incurred by merchant. • Help merchant to create multiple collection point across Stores and Geographies. • Real time credit of funds in merchants' bank account. • Enables Merchant to accept payment from all Bank UPI App or Third Party UPI supported Apps for example PhonePe, BHIM, Whatsapp, GPay, etc. • No separate settlement account required. • Remote payment collection through amount specific Collect Request via IDBI QR POS mobile application. • Generation of amount specific Dynamic QR Code. • Share QR Code via Whatsapp, e-mail etc. • Instant transaction SMS Alerts. • Merchant's Smart Phone becomes a Terminal for acceptance. • Detail dashboard available for merchants to view reports, raise incidences and perform analytics. • Safe and Secure technology complying with necessary NPCI and statutory guidelines
