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.
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.
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.
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.
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The presentation is about how BHIM App who was the first one to make use of UPI servies and was the leader in UPI Transactions had a sudden downfall in a short period of time
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.
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
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Cryptocurrency is the name given to a system that uses cryptography to allow the secure transfer and exchange of digital tokens in a distributed and decentralized manner. These tokens can be traded at market rates for fiat currencies.
The presentation is about how BHIM App who was the first one to make use of UPI servies and was the leader in UPI Transactions had a sudden downfall in a short period of time
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.
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
FinTech: The revolution is here!
In this session, we will introduce fintech and discuss the eight key innovations in fintech that are revolutionizing how companies are doing business. This session is geared towards fintech enthusiasts and financial industry professionals who are intrigued and fascinated by the innovations in fintech and would like to learn and adapt to the new realities of the 21st century
Epayments system in India and globally iit project abhiROCKS1103
IIT project on epayments. Including all the method uses and innovations in e payments and the growth of epayments in the modern world and rapid growth in india after demonetization.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
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A hierarchical digital twin of a Naval DC power system has been developed and experimentally verified. Similar to other state-of-the-art digital twins, this technology creates a digital replica of the physical system executed in real-time or faster, which can modify hardware controls. However, its advantage stems from distributing computational efforts by utilizing a hierarchical structure composed of lower-level digital twin blocks and a higher-level system digital twin. Each digital twin block is associated with a physical subsystem of the hardware and communicates with a singular system digital twin, which creates a system-level response. By extracting information from each level of the hierarchy, power system controls of the hardware were reconfigured autonomously. This hierarchical digital twin development offers several advantages over other digital twins, particularly in the field of naval power systems. The hierarchical structure allows for greater computational efficiency and scalability while the ability to autonomously reconfigure hardware controls offers increased flexibility and responsiveness. The hierarchical decomposition and models utilized were well aligned with the physical twin, as indicated by the maximum deviations between the developed digital twin hierarchy and the hardware.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
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Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
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Here's a great example: At a large natural gas-fired power plant, where they use waste heat to generate steam and energy, they were puzzled that their boiler wasn't producing as much steam as expected.
R&R and Tetra Engineering Group Inc. were asked to solve the issue with reduced steam production.
An inspection had shown that a significant amount of hot flue gas was bypassing the boiler tubes, where the heat was supposed to be transferred.
R&R Consult conducted a CFD analysis, which revealed that 6.3% of the flue gas was bypassing the boiler tubes without transferring heat. The analysis also showed that the flue gas was instead being directed along the sides of the boiler and between the modules that were supposed to capture the heat. This was the cause of the reduced performance.
Based on our results, Tetra Engineering installed covering plates to reduce the bypass flow. This improved the boiler's performance and increased electricity production.
It is always satisfying when we can help solve complex challenges like this. Do your systems also need a check-up or optimization? Give us a call!
Work done in cooperation with James Malloy and David Moelling from Tetra Engineering.
More examples of our work https://www.r-r-consult.dk/en/cases-en/
Industrial Training at Shahjalal Fertilizer Company Limited (SFCL)MdTanvirMahtab2
This presentation is about the working procedure of Shahjalal Fertilizer Company Limited (SFCL). A Govt. owned Company of Bangladesh Chemical Industries Corporation under Ministry of Industries.
2. Content
▪ Introduction
▪ Who is Behind UPI
▪ How UPI works with NPCI
▪ Core elements in payment
▪ Architecture of UPI
▪ Virtual Payment Address
▪ Types of Payment request
▪ Advantages
▪ Applications
▪ Conclusion
3. What is UPI?
▪ It is payment system launched by NPCI.
▪ Facilitates fund transfer between two bank accounts.
▪ Supports Peer to Peer connection.
▪ Advance version of IMPS.
▪ Supports seamless fund routing and merchant payments.
▪ Open source , easily adaptable , simple , cheap , mobile based ,
innovative.
4. Who is behind UPI?
▪ NPCI (National Payments CorporationOf India).
▪ Umbrella organization for all retail payments system.
▪ Set up by RBI and IBA in April 2009.
▪ It launched the IMPS.
▪ It launched the RuPay card.
▪ Currently , launched UPI .
5. How UPI works with NPCI?
▪ A NPCI repository is used.
▪ Repository stores credentials about payer and payee.
▪ Route payments instructions (Adhaar no. or Mobile no.).
▪ Do switching, clearing and settlement of transactions.
6. How UPI works with NPCI?
Government Institution Beneficiary
Destination Bank
NPCI Centrally
Mapped Repository
Sponsor Bank
Fig. 1- A NPCI’s repository
7. How UPI works with NPCI?
▪ The Payer/Payee information is sent, via PSP, to NPCI.
▪ To identify the details of the second party involved, it either uses its
repository or it contacts the second party PSP.
UPI
8. How UPI works with NPCI?
▪ Once both PSPs` information is available to NPCI proceeds with the
debit and credit processes.
▪ On successful completion the payer and payee PSPs are notified,
which then notify their customers.
9. Core Elements in Payment
▪ Payer and Payee account and institution details for routing
transaction.
▪ Authentication credentials (password, PIN, biometrics, CVV, etc. as
required for debit, can be bank provided or 3rd party provided such as
UIDAI).
▪ Transaction amount.
▪ Timestamp.
▪ Other metadata attributes such as location, product code, mobile
number, device details, etc. as required.
11. Virtual Payment Address
▪ Has Unique mapping to Identifier (Person / Entity ).
▪ Contain Global Identifier ( Adhaar number and Mobile Number ).
▪ 1-click 2- factor authentication.
▪ Pay and Collect Money.
▪ PSPs can offer multiple virtual address to customers.
▪ Rule based access.
12. Virtual Payment Address
▪ Normalized Architecture for payment address “account @ provider“.
▪ The address must include : ‘ a – z ‘ , ‘ A – Z ‘ , ‘ 0 – 9 ‘ , ‘ . (dot) ‘ , ‘ –
(hyphen)’ .
▪ The Payment Address can be issues by :
Bank :amit.8868@icici , PSP : rahul2017.irctc@mypsp
NPCI (using global identifiers )
- IFSC code and account number as account-no@ifsc-code.ifsc.npci
e.g. 12345@HDFC0000001.ifsc.npci
13. Virtual Payment Address
▪ - Adhaar number as aadhaar-no@aadhaar.npci
e.g. 234567890123@aadhaar.npci
▪ - Mobile Number as mobile-no@mobile.npci
e.g. 9800011111@mobile.npci
▪ - RuPay card number as card-no@rupay.npci
e.g. 1234123412341234@rupay.npci
14. Types of payment request
▪ Direct Pay
▪ Sender Initiated
Sender provides his credentials and receiver`s virtual address using
his payment application.
E.g. Sending money to relatives, friends , shopkeepers.
▪ System initiated
Digitally signed request with receiver virtual address.
E.g. System generated daily payment to agents.
16. Types of payment request
▪ Remote Collect
Payee send the request to the payer (through USSD or Smartphone)
on his phone.
So the payee doesn`t have to enter any credential.
# Local exchange of encrypted credential is not currently supported
in UPI.
The sender`s phone on the arrival of request become point of entry
of secure credentials.
▪ Local Collect
Here the payer`s address is captured to send the payment request.
19. Application
▪ Sending money to relative
▪ Collecting money from friend
▪ Buying on an ecommerce site
▪ Buying railway ticket on IRCTC application
▪ Using a taxi services
20. Advantages
▪ Trusted common library for credentials (MPIN, PASSWORD, PIN
BIOMETRIC ) is provided by NPCI.
▪ Credentials encoded with Base64 encoding and are provided only
during the transaction by UPI.
▪ 2 factor authentication is used.
▪ Simple and cheap.
▪ Pay limit is greater than e-wallets.
▪ End user friendly.
21. Conclusion
▪ UPI is growing at exponential rate , because it makes the digital
payment a very easy affair. Also it is still in developing state which
will inculcate new features in future.
▪ UPI 2.0 would be launched which has more flexibility , easy and wide
reach. It is also very easy to adopt because it also reduces the black
economy.
▪ In near future most of the payment will be happen digitally , to come
over the restrictions of using plastic money , it may be a game
changer. Also its unique features makes it a easy to adopt
technology.
22. References
▪ [1] “RBI Payment SystemVision document”, RBI, 2012-15,
http://rbi.org.in/scripts/PublicationVisionDocuments.aspx?ID=664
▪ [2] “Committee on Comprehensive Financial Services for Small Businesses and Low Income
Households”, RBI, January 2014,
http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=727
▪ [3] “Report of theTechnical Committee on Mobile Banking”, RBI, February 2014,
http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=760#8
▪ [4] “Report on Enabling PKI in Payment System Applications”, RBI, April 2014,
http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=765
▪ [5] “Pradhan Mantri Jan-DhanYojana”, Ministry of Finance, August 2014,
http://www.pmjdy.gov.in/financial_literacy.aspx
▪ [6] “Report of theTask Force on an Aadhaar-Enabled Unified Payment Infrastructure”, Finance
Ministry, February 2012,
http://finmin.nic.in/reports/Report_Task_Force_Aadhaar_PaymentInfra.pdf