BankFlex® fully supports Unified Payments Interface (UPI) of NPCI to allow the bank’s customers to perform immediate money transfer through mobile device, 24*7 and 365 days. Using UPI, BankFlex® allows the bank’s customers to use a single mobile app to access different bank accounts.
BankFlex® Supports all NPCI UPI features such as:
Powering multiple bank accounts into a single mobile application (of any participating bank).
“Peer to Peer” collect request, which can be scheduled and paid as per requirement and convenience.
Single Click 2 Factor Authentication.
Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number; IFSC etc.
QR Code.
Utility Bill Payments, Over the Counter Payments, QR Code (Scan and Pay) based payments.
Donations, Collections, Disbursements Scalable.
Raising Complaint from Mobile App directly.
BankFlex supports all models for UPI payments, i.e. Payer PSP, Payee PSP, Remitter Bank and Beneficiary Bank
Supports all use cases of UPI such as Send Money by VPA/UPI, Send Money by IFSC and Account Number, Send Money to UPI Number, Collect Money Responder– Sender/Payer, User Registration, View Pending Requests, Generate and Scan QR to Pay.
Ensures full security to the user’s confidential data and secure integration with NPCI API as per NPCI guidelines.
Fully supports UPI payment settlement Process.
Inherently supports Reversal and Time Out Scenarios of UPI payments.
Audits all interactions with customers and NPCI UPI.