UPI Collection API
Tap Into Seamless Collections with UPI API
As we inhabit this thriving digital abode, businesses are on a look to simplify their payment processes. To cater to this, enter SprintNXT’s UPI API; a solution that allows companies to accept real-time payments via the National Payments Corporation of India’s UPI System. By incorporating our API into their operations, businesses can offer customers a secure and convenient payment method through their UPI-enabled bank accounts, while keeping costs to a minimum.
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Types of QR
Static QR Code
A static QR code can accept payments of the amount as displayed by NPCI and is open to the customer to enter the payment amount.
Dynamic QR Code
Dynamic QR code is meant for one-time use and has a fixed amount assigned to it, allowing the customer to pay only the specified amount linked to the QR code.
UPI Intent
In the intent flow (meant for mobile apps), when the customer selects the UPI payment app during checkout, the app is automatically launched on their mobile device.
QR Collection For Merchants
SprintNXT welcomes its latest innovation for business across different domains - the Soundbox, equipped with advanced features. Now, encourage your retailers and distributors with personalized UPI Collection QRs and Soundbox, similar to industry giants, but entirely branded under your business’s name.
Essential UPI Collection API Features:
A Quick Overview
Reduce Transaction Costs
Using payment gateways or PSPs can help save transaction costs. SprintNXT’s UPI API bridges the gap between your business and customer’s collection method, offering them lower fees than the traditional payment methods. Additionally, they even provide reliable payment experience, while solidifying trust and maintaining customer loyalty.
Flexible Settlements
With SprintNXT’s UPI Collection APIs, now Instantly settle funds to your partner’s account with our flexible payment feature. Bid goodbye to wait for T+2 days and access your funds right away-Trust SprintNXT’s solution to avail benefits of faster and more efficient settlements.
Strengthen your customer journey
With UPI APIs, witness double the ease and convenience, with a one-click payment journey, where simplicity and security converge to elevate your payment experience.
Increase Payments Success Rates
With your UPI API provider, do not settle for less & eliminate customer drop-off failures, by leveraging PGsor card networks. Boost your success rates and stay ahead of the pack with an unparalleled level of over 98% with UPI.
Industry Use-Cases
Retail and E commerce
Hospitality and Travel
Education and Training
Possible Why’s in Choosing SprintNXT’s
UPI Collections API?
Streamlined Collections
- UPI: Now, collect payments via dynamic and static QR codes with real-time settlement.
- Virtual IDs: Simplify collections with unique virtual IDs, and accept any amounts via IMPS, NEFT and RTGS.
Smart Reconciliation
With SprintNXT’s UPI API, Businesses can conveniently access and review all their transactions in a unified place, match them to a particular merchant/vendor and import them into ERP without any hassle.
Multi-account management
Now, you can Effortlessly map your multiple current accounts to perform transactions, access and manage account details, including transaction history and account balance retrieval, all at your fingertips.
Real-time Updates
With our cutting-edge dashboard, you can get lightning-fast payment-related reports, insights, and real-time notifications. What else could you ask for than the updated information decisions to elevate your business game?
Frequently Asked Questions
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Take the first step towards achieving your financial goals with SprintNXT
