Know more about UPI - Unified Payments Interface developed by NPCI. This presentation gives an overall view of the technology behind UPI.A new initiative for a cashless and digital economy.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
This ppt is about unified payments interface and its basic architecture. This ppt contains relevant information about upi and its uses and its application. This ppt is suitable for short presentations.
Know more about UPI - Unified Payments Interface developed by NPCI. This presentation gives an overall view of the technology behind UPI.A new initiative for a cashless and digital economy.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
This ppt is about unified payments interface and its basic architecture. This ppt contains relevant information about upi and its uses and its application. This ppt is suitable for short presentations.
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
Unified Payments Interface (UPI) - easy way to transfer money through banksCA Janardhana Gouda
A system for instant online bank payments. A new initiative for cashless and more digital economy. A perfect system for India in Banking System. Using of Mobile in a perfect way. (awesome feature of Virtual ID for transfer of money online through online.
It's a powerpoint presentation on United Payment Interface (UPI) which I delivered in the electronics department of IIT(ISM) Dhanbad.Along with UPI i have also discussed on topics such as e-wallets, imps, neft, rtgs etc.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
Unified Payments Interface (UPI) - easy way to transfer money through banksCA Janardhana Gouda
A system for instant online bank payments. A new initiative for cashless and more digital economy. A perfect system for India in Banking System. Using of Mobile in a perfect way. (awesome feature of Virtual ID for transfer of money online through online.
It's a powerpoint presentation on United Payment Interface (UPI) which I delivered in the electronics department of IIT(ISM) Dhanbad.Along with UPI i have also discussed on topics such as e-wallets, imps, neft, rtgs etc.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
One time password(OTP) is the
authentication method used in online banking system today.
Hackers are getting better each day at cracking sensitive
information. Once this happened, they can gain access to our
private network and steal our sensitive business information. A
common technology used for the delivery of OTPs is text
messaging.OTP over SMS might not be encrypted by any serviceprovider.
In addition, the cell phones which is used to receive the
SMS also play an important role, in which more than one phone
comes into account. The vulnerable parts of the cell phone
network can be mount to man-in-the-middle attack[13]. To
overcome the difficulties the virtual password concept is
introduced. The virtual password concept involves a small
amount of human computing to secure user’s passwords in online
environments. To provide high security, we enhance the
existing system with virtualization concept [1]. Hacker may guess
our password but he cannot access our account because he
cannot access virtual password. The major hacking threats like
phishing, key-logger, shoulder-surfing attacks, and multiple
attacks cannot affect our schema. In user-specified functions, we
adopted secret little functions in which security is enhanced.
Virtual password is a password that is valid for only one login
session or transaction and after that it becomes obsolete [12]. The
calculation of the virtual password is done at the client side which
reduces the delay of time in receiving OTP via SMS. To make the
client more convenient in calculating the virtual password an
application is used which reduces the work of the client. This
method is more instant than the traditional OTP system used
today.
From commonly used cards to newly launched UPI, digital payment options are aplenty. We have compared them side-by-side listing features and USPs of each, to help you select the most suitable mode of payment available today in India.
A Comprehensive guide to understanding Digital Wallets.pdfPay10
Digital Wallets, also known as e-wallets, are popular prepaid payment instruments used in India and around the world.
They are software applications or electronic devices that securely store payment information and prepaid money,
enabling cashless transactions. Digital wallets offer convenience and versatility for making payments at physical
stores, online purchases, and through mobile applications. They require a smartphone with an internet connection,
and users must complete KYC (Know Your Customer) verification to access their services. These wallets provide
various benefits, including security, frictionless transactions, no minimum balance requirement, and diverse
transaction options. Additionally, they benefit both consumers and merchants, offering faster checkout,
increased repeat business, higher conversion rates, decreased fraud, and chargebacks.
The rise of enterprise digital wallets also introduces a cheaper and tech-enabled alternative for businesses,
helping to cut out payment card intermediaries and bolster customer relationships
for more info:- https://www.pay10.com/blog-a-comprehensive-guide-to-understanding-digital-wallet.php
IndiaStack is a set of APIs that allows governments, businesses, startups and developers to utilise an unique digital Infrastructure to solve India’s hard problems towards presence-less, paperless, and cashless service delivery.
This ppt has unique trends in banking that includes the recent launch of Unified Payment Interface(UPI)by NPCI,Data Analytics usage by banks,India-world's largest recipient of remittances in 2015,an Recurring Deposit scheme linked to Holiday Savings Account
Analysis of Applicability of ISO 9564 PIN based Authentication to Closed-Loop...Eswar Publications
Payment transactions initiated through a mobile device are growing and security concerns must be addressed. People
coming from payment card industry often talk passionately about porting ISO 9564 PIN standard based authentication
in open-loop card payment to closed-loop mobile financial transactions and certification of closed-loop payment product or solution against this standard. In reality, so far this standard has not been adopted in closed-loop mobile payment authentication and applicability of this ISO standard must be studied carefully before adoption. The authors do a critical analysis of the applicability of this ISO specification and make categorical statement about relevance of compliance to closed-loop mobile payment. Security requirements for authentication in closed-loop mobile payment systems are not standardised through ISO 9564 standard, Common Criteria [3], etc. Since closed-loop mobile payment is a relatively new field, the authors make a case for Common Criteria Recognition Agreement (CCRA) or other standards organization to push for publication of a mobile device-agnostic Protection Profile or standard for it, incorporating the suggested authentication approaches.
Its all about Rural Development. Increase productivity with uses of all govt schemes. Improve Networking and Business opportunities.
Create the authentic DATA BANK about all agriculture based people.
Security & Seamless CX in User Authentication: How to Achieve Both?Ivona M
Watch our webinar and learn:
-How to satisfy the existing security compliance criteria in the era of impatient customers?
-Industry best practices in ensuring the highest security and improved user experience in the authentication process.
-Practical steps to planning and implementing optimal authentication ecosystems without unnecessary expenses.
-From OTP to push and biometry – which authentication methods will be best suited to your business needs?
-How to ensure strong authentication for remote work?
For more info go to https://sxs.asseco.com/
CASE STUDY ON PKI & BIOMETRIC BASED APPLICATIONPankaj Rane
Public Key Infrastructure is a widely deployed security technology for handling key distribution and validation in computer security. Despite PKI’s popularity as a security solution, Phishing and other Man-in-the-Middle related attacks are accomplished with ease throughout our computer networks. The major problems with PKI come down to trust, and largely, how much faith we must place in cryptographic keys alone to establish authenticity and identity.
In this paper, we look at a novel biometric solution that mitigates this problem at both the user and certificate authority levels. More importantly, we examine the trouble with the application of unprotected biometric features directly into PKI, and propose the integration of a secure, revocable biometric template protection technology that supports transactional key release. A detailed explanation of this new Biometric application is provided, including composition, enrollment, authentication, and revocation details. The Biometric provides a new paradigm for blending elements of physical and virtual security to address pesky network attacks that more conventional approaches have not been able to stop.
Presented by Rahul Kumar Jain, law student, Disha Law College, Raipur at IJSARD (International Journal of Socio-legal Analysis and Rural Development) International Virtual Conference 2017 On Law and Social Sciences.
Similar to Unified payment interface and its security (20)
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
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Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
4. AGENDA
▶ 1.MISSION AND VISION
▶ 2.WHAT IS UPI?
▶ 3.WHY UPI?
▶ 4.BASIC STRUCTURE OF UPI
▶ 5.KEY INNOVATION TO UPI SUCCESS
▶ 6.PARTICIPANTS
▶ 7.KEY ASPECTS OF UPI
▶ 8.ROLE OF NPCI
▶ 9.ARCHITECTURE OF UPI
▶ 10.CONCEPTS
5. Contd..
▶ 11.VALUE PROPOSITION
▶ 12.ADHAAR FACILITIES SUPPORTED
▶ 13.NPCI CENTRAL MAPPERS
▶ 14.SECURITY CONSIDERATIONS
▶ 15.HOW SECURE IS UPI
▶ 16.IDENTITY AND ACCOUNT VALIDATION
▶ 17.PROTECTING ACCOUNT DETAILS
▶ 18.PROTECTING ACCOUNT CREDENTIALS
▶ 19.PROTECTING AGAINST PHISHING
▶ 20.MESSAGE SECURITY AND TRUST
▶ 21.ADVANTAGES
▶ 22.DISADVANTAGES
▶ 23.CONCLUSION
6. MISSION AND VISION
▶ Mission Statement
To ensure payment and settlement systems in the country are safe, efficient,
interoperable, authorised, accessible, inclusive and compliant with international
standards.
▶ Vision
To proactively encourage electronic payment systems for ushering in a less-cash
society in India
10. KEY INNOVATION TO UPI SUCCESS
▶ The term “Virtual Payment Address” is used to depict an identifier that can be
uniquely mapped to an individual account using a translation service. In
addition to Aadhaar number and Mobile number as global identifiers (mapped
by NPCI), PSPs can offer any number of virtual addresses to customers so that
they can use the virtual address for making and receiving payments.
▶ Virtual payment addresses provide innovative mechanisms for customers to
create addresses with attached rules for limiting amount, time (e.g., one time
use addresses), and payees.
12. KEY ASPECTS OF UPI
▶ The Unified Payment Interface is expected to further propel
easy instant payments via mobile, web, and other
applications.
▶ The payments can be both sender (payer) and receiver
(payee) initiated and are carried out in a secure,
convenient, and integrated fashion.
▶ This design provides an ecosystem driven scalable
architecture and a set of APIs taking full advantage of mass
adoption of smartphone.
13. Contd….
▶ Virtual payment addresses, 1-click 2-factor authentication, Aadhaar
integration, use of payer’s smartphone for secure credential capture,
etc. are some of the core features.
▶ It allows banks and other players to innovate and offer a superior
customer experience to make electronic payments convenient and
secure.
▶ Supports the growth of e-commerce, while simultaneously meeting the
target of financial inclusion.
▶ Proposed architecture is well within the regulatory framework of the
mobile and ecommerce transactions having 2 factors of authentication
(2FA).
14. ROLE OF NPCI
▶ Unified – hiding the complexity of dealing with disparate systems –
both internal and external to NPCI.
▶ Expandable – to allow for innovations in newer forms of identity,
authentication, and banking
▶ Adaptable -to the current way of life-
▶ Smart phones as an integral part of people’s identity
▶ Aadhaar as a form of online verifiable identity - authenticated by a
third party
▶ Allow customers to enter credentials on their own device – even
when the merchant requests funds.
▶ E Commerce.
15. Contd..
▶ Real Time – Allows banks to provide real time experience
for interactive transactions.
▶ Secure – Allows for traceability through the entire
transaction chain
▶ Monitorable - Allows for NPCI to monitor the system
centrally
17. CONCEPTS
Every payment has the following core elements:
▶ Payer and payee account and institution details for routing and authorization
▶ Authentication credentials (password, PIN, biometrics, etc. as required for debit,
can be bank provided or 3rd party provided such as UIDAI)
▶ Transaction amount
▶ Transaction reference
▶ Timestamp
▶ Other metadata attributes such as location, product code, mobile number,
device details, etc. as required.
18. Value proposition
▶ Simplifying Authentication
▶ Simplifying Issuance Infrastructure
▶ Flexibility for Users
▶ Enabling 1-click 2-FA Transactions
▶ Embracing Mobile Adoption
▶ Stimulating Innovation
▶ Embracing Aadhaar Adoption
▶ Creating National Interoperability
20. NPCI Central Mapper
▶ Aadhaar as the Payment Address
▶ Mobile as the Payment Address
21. SECURITY CONSIDERATIONS
For data security, the following classes of information are
defined:
▶ Sensitive Data - Data such as PIN, passwords, biometrics, etc.
These are not to be stored and should only be transported in
encrypted form.
▶ Private Data - Data such as account number. This information
may be stored by the PSP, but only in encrypted form.
▶ Non-Sensitive data - Name, transaction history (amount,
timestamp, response code, location, etc.) that can be stored in
unencrypted form
22. How secure is UPI?
Nilekani said the security is fool-proof as the transaction will happen in a
highly encrypted format. Already NPCI’s IMPS network handles more than
Rs.8,000 crore worth of transactions a day, which will exponentially
increase with the use of mobile phones.
2 Factor authentication – similar to OTP will be there as its mandated by
RBI. In this case, MPIN instead of OTP will be used.
23. Identity & Account Validation
Identity Data Validated When How
By
Mobile Device PSP & NPCI Customer SMS based OTP initially against the
(via common Registration & registered mobile and using
library) during HOTP/TOTP for implicit verification
transaction during every transaction
Aadhaar PSP Customer Aadhaar e-KYC / Authentication or
Number or Registration PAN card verification
PAN number
Customer PSP Customer Aadhaar e-KYC / Demographic
Name Registration Authentication, matching with PAN
card verification
Account PSP Every time a Ideally via an API offered by account
Details - payment account providers or via a small value (e.g.
Number, is added Rs.1/-) transaction
Account
Ownership,
24. Protecting Account Details
▶ Protecting during capture
▶ Verifying the account details with account provider
(bank, PPI, etc. - new API may be needed from
banks, or Re-1 transaction may be done to
validate)
▶ PSPs storing the data should be always in
encrypted form
25. Protecting Authentication Credentials
▶ Authentication credentials encrypted during capture using
the public key of the authentication provider
▶ "Trusted" common library for credential
(MPIN/Password/PIN/Biometrics) capture. This library
needs to bind customer mobile using HOTP/TOTP which is
verified as part of transaction
26. Protecting against Phishing
▶ 3 core techniques may be used to protect against phishing:
▶ Individual (nonentities)pay/collect transactions can be against pre-created
and verified address (quite like in the case of NEFT).
▶ Allow direct/collect against ONLY whitelisted within the payer’s pre-listed
entries. Payer must add the payee explicitly into this list (quite life NEFT
settings). During this, address verification can be done.
▶ For individuals
▶ PSP application should mandatorily share Aadhaar number and verified name
which is part of customer information block which can be shown by the second
PSP to their customer
27. Contd..
▶ For entities
▶ PSP application should mandatorily share PAN number and verified name
which is part of customer information block which can be shown by the second
PSP to their customer
▶ Whitelist entities (popular ones) and blacklist/rating at central
database (NPCI) and show “verified symbol
28. Message Security and Trust
▶ Every messages within the unified system must be digitally signed
▶ Every message has unique transaction ID (that spans across the organizations
for same transaction) and unique message ID for every request-response pair
▶ All APIs must be done over a secure channel (HTTPS)
▶ Auditing transaction (no sensitive data) data for appropriate number of years
29. ADVANTAGES OF UPI
▶ Minimal Charges and Instant
▶ No Need to Fill Details
▶ No need for Registration and always Available
30. Disadvantages of UPI
▶ Transaction Limit
▶ Requirement of Internet and Smartphone
▶ Difficult to Convince the Customers
31. CONCLUSION
UPI can replace NEFT, IMPS and RTGS as UPI has
only 1 unique ID of he recipient and is required for an
instantaneous transfer of funds. It is much more
easier than the other modes of transfer. In future it is
expected to replace the other modes of payments as
it makes payments very easily.