Payin
The pay-in process refers to the method by which funds are received into an account. It involves customers making payments to merchants or service providers.
The pay-in process involves receiving funds into an account. It can be categorized as P2P or P2C.
Seamless Integration:
UPI (Unified Payments Interface): Seamless pay-in integration via UPI allows for real-time, secure, and easy payment transfers directly from the customer's bank account to the merchant's account. It typically involves a smooth user experience with minimal steps, often integrating directly within apps or websites for instant payments.
IMPS (Immediate Payment Service): Seamless IMPS pay-in integration enables quick fund transfers between banks and accounts, available 24/7. It ensures instant crediting of funds with a streamlined process that can be embedded in payment systems for efficient transactions.
Non-Seamless Integration:
UPI: Non-seamless UPI integration may require manual entry of payment details or redirection to external apps for completing the transaction. It can be less integrated within the merchant's platform, potentially involving additional steps for the user.
IMPS: Non-seamless IMPS integration might involve using third-party systems or manual processes to facilitate transfers. This can result in a more fragmented user experience compared to seamless integration.
API Integrations
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