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Merchant UPI QR Code

Merchant UPI QR Code

UPI QR (Scan & Pay) is a digital payment acceptance channel displayed at the merchant establishment to facilitate receipt of payments by scanning the QR Code from any UPI linked mobile app. A UPI QR code based payment solution represents a new channel of initiating and accepting payments between buyers and sellers (or consumer and merchants) using mobile phone.

Feature of the product:

  • Inter-operable– You can use any of the apps that support UPI and pay using any UPI App.
  • Hassle Free– Fast and secure interface that enables customers to use their smart phones to make cashless payments. Hence, customers need not to carry physical Cards.
  • Secure- A single click payment makes the UPI system quite attractive Your Card details are not exposed to any third party.
  • No additional charges– No Maintenance cost for the merchants and transactional charges at present
  • Offers instant money transfer via mobile device 24×7 for all 365 days

 Type of QR Codes:

Indian Bank offers two types of UPI QR Code as follows:

  1. Small Merchant QR code– For Merchants having monthly inward credit through UPI less than Rs 1,00,000. Merchants can generate Static and Dynamic QR code using IB Small Merchant App available in google Play store.
  2. Corporate Merchant QR code– having monthly inward credit through UPI more than Rs 1,00,000 per month. Merchants can avail static UPI QR by submitting application form to nearest branches.

Pre-requisites for UPI QR Code for Merchants

  • Merchants need to have a Savings/Current/OD/OCC account with Indian Bank.

Pre-requisites for UPI Corporate QR Code for Merchants

  • Merchants need to have a Savings/Current/OD/OCC account with Indian Bank.
  • Smart phone (Presently Android).
  • Data connection

( Last modified on Oct 29, 2021 at 04:10:56 PM )

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