whole process of e-payment under UPI is regulated through NPCI and RBI In addition to NPCI and RBI within a controlled environment where expert professional can bringing innovation with purpose concept RBI lay eye on the banking foundation on other hand NPCI mange the framework of the UPI system

1. An Innovation In Indian
Payment System :
Transforming Lives With UPI
AAVISHKAR 2023

2. PURPOSEOFTHERESEARCH
◦ whole process of e-payment under UPI is regulated through
NPCI and RBI
◦ In addition to NPCI and RBI within a controlled environment
where expert professional can bringing innovation with
purpose concept
◦ RBI lay eye on the banking foundation
◦ on other hand NPCI mange the framework of the UPI system

3. BENEFITES
◦With this new addition, the user information will be in
controlled environment and with the help of the
concept the professional can persue the research and
bring innovation. Which will make the UPI interface
more user friendly.

4. REMOVAL OF ISSUE
◦ Creation of free circle for innovation of technology.
◦ Reduction in cost of R&D
◦ It can be helpful in malware detection and removal via
standard norm
◦ Creation of bounty system

5. OBJECTIVEOFTHERESEARCH
◦ To assess UPI’s position in the digital payment ecosystem.
◦ Facilitate NPCI interface with professional technical to make
UPI interface user friendly
◦ To purpose a new model which will able to facilitate more
testing thus creating user friendly interface with innovation

6. EXISTING MODEL
o Peer to peer model
o Base on IMPS (immediate
payment service)
o PSP (payment service
provider) are those which
are registered under UPI

7. PROPOSED
CONCEPT
o Use of professional with
verified certification to
avoid any breach
o Use of firewall
protection
o The open source script
box management
o Useful in data collection
in short time
Primary
Server
Dummy Server
(Control
Environment)
RBI NPCI
Unified
Payment
Interface
Software
script box
Implementa
tion of
innovative
idea
User level
beta test
(freedom
while
scripting)
Everything is firewall protected
Data
Collection
Center

8. Thanks you