UPI Account Balance Inquiry
Meaning UPI Account Balance Inquiry lets users check their bank account balance through a UPI app without logging…
UPI Transaction Timeout
Definition UPI Transaction Timeout occurs when a payment is not completed within the allowed time window and is…
UPI Payment Initiation
Definition UPI Payment Initiation is the process of starting a UPI payment request from payer to payee. Importance…
UPI Merchant QR Registration
Meaning UPI Merchant QR Registration is the process by which merchants register to receive UPI payments via QR…
UPI Pre-Authorization
Definition UPI Pre-Authorization is the temporary hold of funds on a customer’s account before completing a transaction. Use…
UPI Refund API
Meaning UPI Refund API allows automated processing of refunds for failed or reversed UPI transactions. Purpose It ensures…
UPI Transaction Settlement
Definition UPI Transaction Settlement is the process of transferring funds from the payer’s bank to the recipient’s bank…
Payment Service Provider (PSP)
Meaning PSP stands for Payment Service Provider. A Payment Service Provider, is an entity that enables merchants to…
UPI App Integration
Definition UPI App Integration refers to connecting a mobile app or platform directly with UPI services for seamless…
UPI Pull API
Meaning UPI Pull API allows apps or merchants to “pull” money from a customer’s account with their consent…