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.
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.
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 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
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.
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.
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
The AEPS (Aadhaar Enabled Payment System) banking service aims to empower all sections of the society by making financial and banking services available to all through Aadhaar.
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
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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 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
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.
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.
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
The AEPS (Aadhaar Enabled Payment System) banking service aims to empower all sections of the society by making financial and banking services available to all through Aadhaar.
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
Thank you for Watching
Subscribe to DevTech Finance
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
What is VPA?
A virtual Payment Address, better known as VPA is the path through which a UPI payment can be made.
It can be defined as a digital bank account number, which is a unique identifier in the UPI system,
that is understood by all financial institutions across the globe.
It is an alternative to sharing traditional bank details.
for more info:- https://www.pay10.com/blog-understanding-significance-and-benefits-of-vpa.php
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.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
As Fintech companies have flooded the scene and disrupted the financial industry, traditional banks have had to innovate in order to stay ahead of the pack. We bring to you the latest terms and innovations of the Banking Sector, through this presentation. Hope you find it useful.
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.
This Presentation will let you know about the main Digital/Cashleaa payment Systems in India, This Presentation will Also Guide you towards new Payment Systems Launched Like UPI, USSD, AEPS etc. many Other Payment Systems.
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Orkestra
UIIN Conference, Madrid, 27-29 May 2024
James Wilson, Orkestra and Deusto Business School
Emily Wise, Lund University
Madeline Smith, The Glasgow School of Art
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
0x01 - Newton's Third Law: Static vs. Dynamic AbusersOWASP Beja
f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
An opinionated individual with an interest in cryptography and its intersection with secure software development.
This presentation, created by Syed Faiz ul Hassan, explores the profound influence of media on public perception and behavior. It delves into the evolution of media from oral traditions to modern digital and social media platforms. Key topics include the role of media in information propagation, socialization, crisis awareness, globalization, and education. The presentation also examines media influence through agenda setting, propaganda, and manipulative techniques used by advertisers and marketers. Furthermore, it highlights the impact of surveillance enabled by media technologies on personal behavior and preferences. Through this comprehensive overview, the presentation aims to shed light on how media shapes collective consciousness and public opinion.
Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
Acorn Recovery: Restore IT infra within minutesIP ServerOne
Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
1. Submitted By : Submitted To:
Raushan Kumar Dr. Brahmjot Bagga
Topic : Unified Payments Interface (UPI)
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
• Application
• Conclusion
3. WHAT IS UPI?
It is payment system launched by NPCI.
Facilitates fund transfer between two bank account.
Support Peer to Peer connection.
Advance version if IMPS.
Support Seamless fund routing and merchant payments.
Open source , easily adaptable , simple, cheap , mobile based, innovative.
4. WHO IS BEHIND UPI?
NPCI(National Payments Corporation Of 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 WORK WITH NPCI?
A NPCI repository is used.
Repository stores credentials about payer and payee.
Route payments introductions (Adhaar no. or Mobile no.)
Do switching, clearing and settlement of transactions.
6. HOW UPI WORKS WITH NPCI?
NPCI Centrally
Mapped Repository
Sponsor Bank Destination Bank
Government Department Beneficiary
Settlement Bank (RBI)
Settlement
File
Presentation
Settlement File
Return Settlement
File
Transaction
Initiation
Fund
Credited
Intimation
Sent to
Beneficiary
Transaction Origination
Transaction Response
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.
NPCI Centrally
Mapped Repository
PSP to resolve
Virtual Address
Point of Sale (Payer)
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.
Payer’s Bank Payee’s bank
(Payer) (Payee)
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 provide such as UIDAI.
Transaction amount.
Timestamp.
Other metadata attributes such as location, product code, mobile number, device
details, etc. as required.
10. *99#
3rd Party apps
(collect only)
Banks
Standard interface
Internet
Banking
Banks
Standard interface
3rd Party apps
(collect only)
Banks
Standard interface
Unified Payment Interface
Mobile Application Mobile Application Mobile Application
NPCI
*99#
Central repository
A P B S
N A C H
I M P S A E P S R u P a y E c o m N F S
*99#: NPCI USSD service code to access banking service via phone
Payment System Providers (PSPs)
THE ARCHITECTURE OF UPI
*99#
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 Pav
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.
15. 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 UPl.
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.
17. APPLICATION
Sending money to relative
Collecting money from friend
Buying on an ecommerce site
Buying railway ticket on IRCTC application
Using a taxi services
18. 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.
19. 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.
20. REFERENCES
[1] "RBI Payment System Vision 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/PüblicationReportDetails.aspx?UrlPage=&ID=727
[3] "Report of the Technical 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-Dhan Yojana", Ministry of Finance, August 2014,
http://www.pmjdy.gov.in/financial_literacy.aspx
[6] "Report of the Task Force on an Aadhaar-Enabled Unified Payment Infrastructure", Finance
Ministry, February 2012,
http://finmin.nic.in/reports/Report_Task_Force_Aadhaar_PaymentInfra.pdf