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  Technology   In Other news  06 Feb 2020  Cashfree launches UPI Stack for Businesses

Cashfree launches UPI Stack for Businesses

THE ASIAN AGE
Published : Feb 6, 2020, 10:10 am IST
Updated : Feb 6, 2020, 10:10 am IST

This move allows businesses to use UPI infrastructure for all business payment needs including collections, disbursals and verifications.

Businesses can integrate SDKs and APIs of all UPI based apps including Google Pay, PhonePe, Paytm and WhatsApp with support for both web and mobile for all UPI payment flows-intent, SDK, SDK less, QR codes etc.
 Businesses can integrate SDKs and APIs of all UPI based apps including Google Pay, PhonePe, Paytm and WhatsApp with support for both web and mobile for all UPI payment flows-intent, SDK, SDK less, QR codes etc.

Cashfree.com has launched UPI Stack for Businesses, allowing businesses to collect and disburse UPI payments with minimal integration effort. Available through every UPI app (i.e., all payment flows & integrations - intent, SDK, SDK less, etc.) across both web and mobile (Android & iOS) platforms, with Cashfree’s UPI Stack for Businesses, developers can also implement a desired payment flow for preferred platforms and collect payments via all UPI based apps smoothly. Cashfree’s move is in line with the new provision in the Income Tax Rules that mandates businesses with a turnover of over Rs.50 crore to provide facilities to accept payments through prescribed electronic modes, including UPI. 

A Developer’s Delight

Availability of all SDKs and APIs in a single stack allows developers to implement UPI as a payment mode faster. At present, UPI app platforms offer a range of integration options, each with a different payment flow and compatibility with devices-web or mobile. Some of the common integrations include: Android Intent SDK, seamless payment flow, SDK less intent, Google Pay Omni-channel flow, QR codes etc.

With Cashfree’s UPI Stack for Businesses, developers can implement the desired payment flow for preferred platforms with minimal integration effort. and collect as well as disburse payments via all UPI based apps. Product builders, especially mobile developers will experience the flawless implementation of UPI payments while accepting in-app payments with Cashfree’s UPI stack.

Widest Range of UPI Business Payment Applications

Built by Cashfree with a vision to help businesses use UPI infrastructure for a wide range of payment needs, applications of Cashfree’s UPI Stack for Businesses include:

UPI payment gateway accepting payments for website or mobile app

UPI payment link that can be shared over SMS, email, WhatsApp that accepts payments through the user’s preferred UPI app. Ideal for small businesses without a website.

UPI QR Codes which can be either used for offline or agent-based collections, as well as Dynamic UPI QR Codes which can be displayed on a website during checkout.

Virtual UPI addresses for reconciliation of inbound UPI payments

UPI VPA verification API

UPI payouts and refunds directly to the source UPI ID

Cashfree’s UPI Stack for Businesses will be available for all existing as well as new Cashfree users.

Tags: cashfree, upi stacks