Meaning UPI Transaction Alerts are instant notifications sent to users whenever money is sent or received. Purpose Alerts…

Definition UPI Transaction Limits API allows apps to verify the maximum and minimum transaction limits set by banks…

Meaning UPI Account Balance Inquiry lets users check their bank account balance through a UPI app without logging…

Definition UPI Transaction Timeout occurs when a payment is not completed within the allowed time window and is…

Definition UPI Payment Initiation is the process of starting a UPI payment request from payer to payee. Importance…

Meaning UPI Merchant QR Registration is the process by which merchants register to receive UPI payments via QR…

Definition UPI Pre-Authorization is the temporary hold of funds on a customer’s account before completing a transaction. Use…

Meaning UPI Refund API allows automated processing of refunds for failed or reversed UPI transactions. Purpose It ensures…

Definition UPI Transaction Settlement is the process of transferring funds from the payer’s bank to the recipient’s bank…

Meaning PSP stands for Payment Service Provider. A Payment Service Provider, is an entity that enables merchants to…