{"id":635,"date":"2021-02-19T09:26:20","date_gmt":"2021-02-19T09:26:20","guid":{"rendered":"https:\/\/decentro.tech\/blog\/?p=635"},"modified":"2024-06-13T11:35:53","modified_gmt":"2024-06-13T11:35:53","slug":"what-no-one-will-tell-you-about-upi-payment-links-payment-gateways","status":"publish","type":"post","link":"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/","title":{"rendered":"UPI, Payment Links &#038; Payment Gateways"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#A_Quick_Glance\" title=\"A Quick Glance\">A Quick Glance<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#What_is_UPI\" title=\"What is UPI?&nbsp;\">What is UPI?&nbsp;<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#UPI_Interoperability\" title=\"UPI Interoperability\">UPI Interoperability<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#What_are_Payment_Links\" title=\"What are Payment Links?&nbsp;\">What are Payment Links?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#What_is_a_Payment_Gateway\" title=\"What is a Payment Gateway?&nbsp;\">What is a Payment Gateway?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#UPI_Payment_Links_Vs_Payment_Gateways\" title=\"UPI Payment Links Vs Payment Gateways\">UPI Payment Links Vs Payment Gateways<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#Which_are_some_of_the_Industries_to_Benefit_from_UPI_Payment_Links\" title=\"Which are some of the Industries to Benefit from UPI &amp; Payment Links?\">Which are some of the Industries to Benefit from UPI &amp; Payment Links?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/decentro.tech\/blog\/what-no-one-will-tell-you-about-upi-payment-links-payment-gateways\/#How_Can_Decentro_Help_Your_Business\" title=\"How Can Decentro Help Your Business?&nbsp;\">How Can Decentro Help Your Business?&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n\n<figure class=\"wp-block-image size-large featured-post-img\"><img loading=\"lazy\" width=\"854\" height=\"854\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/UPI-Payment-Links-Payment-Gateways.png\" alt=\"\" class=\"wp-image-6247\"\/><\/figure>\n\n\n\n<h2 class=\"alignfull has-text-align-center table-heading\"><span class=\"ez-toc-section\" id=\"A_Quick_Glance\"><\/span>A Quick Glance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>The blog explores the evolution of payment methods in the Indian landscape, from the hassle of splitting expenses in cash to the advent of digital payment solutions like <strong><em>UPI, Payment Links, and Payment Gateways<\/em><\/strong>.<\/td><td>For B2B platforms with high-volume, high-amount transactions, UPI and Payment Links offer cost-effective solutions and streamline payments. In-store or POS payments are encouraged to use UPI-based QR codes or payment links to avoid MDR charges.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>The benefits of UPI for consumers include more security, a lesser risk of fraud and sensitive information leakage, access to multiple bank accounts at once, a wide variety of apps to process UPI-based payments, the ability to request payments, and instant money transfers in real time.<\/td><td><strong><em>Decentro&#8217;s Payment APIs<\/em><\/strong> are a valuable tool for businesses to set up app-to-app payments, create custom UPI handles, automate recurring payments, and facilitate point-of-sale transactions.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"after-table-text\">Time for a flashback. The screen cuts to black &amp; white.&nbsp;<\/p>\n\n\n\n<p>Don\u2019t go so far back; this is still in the millennium. Remember the time when you went out with friends and the task of splitting expenses &amp; settling in cash, fishing for change which no one ever had, rummaging through the wallet to realize it\u2019s near empty?&nbsp;<\/p>\n\n\n\n<p>Or, depositing that cheque to your landlord or waiting for that high-value invoice at the office for days together? Well.&nbsp;<\/p>\n\n\n\n<p>UPI, Payment Links, Payment Gateways, PhonePe, GooglePay, QR Codes\u2026. haven\u2019t they removed all these hurdles from the equation?&nbsp;<\/p>\n\n\n\n<p>Times have changed. So has the Indian landscape.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">India in the 2020s will be like China in the 2010s. Few people really understand the full implications. <a href=\"https:\/\/t.co\/xA1LwmLwEC\">https:\/\/t.co\/xA1LwmLwEC<\/a><\/p>&mdash; Balaji (@balajis) <a href=\"https:\/\/twitter.com\/balajis\/status\/1345834596219330562?ref_src=twsrc%5Etfw\">January 3, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In this blog, let\u2019s explore UPI, Payment links, and payment gateways in detail and see how they fare against each other.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_UPI\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">What is UPI?&nbsp;<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>UPI, or Unified Payments Interface,<\/strong> is a real-time, instant payment system regulated by the Reserve Bank of India (RBI). It facilitates peer-to-peer transactions without a customer having to enter bank details every time a payment is made.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2648\" height=\"1208\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/Screenshot-2022-06-16-at-6.50.55-PM-2.png\" alt=\"UPI numbers\" class=\"wp-image-3636\"\/><figcaption>Source: <a href=\"https:\/\/www.bis.org\/publ\/bppdf\/bispap106.pdf\">bis.org<\/a><\/figcaption><\/figure>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"UPI_Interoperability\"><\/span>UPI Interoperability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We juggle with umpteen UPI IDs every single day for various payments. However, what if there was a single UPI ID you could use across all the apps? <\/p>\n\n\n\n<p>Sounds amazing, isn&#8217;t it?<\/p>\n\n\n\n<p>Guess what? NPCI is already on top of it and has rolled out a pilot for UPI interoperability via <strong>UPI Number.<\/strong> <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p>UPI Number is an 8-10 numeric code digits a user can create to use across any UPI app. If it&#8217;s a 10 digit number, they have to mandatorily use mobile phone numbers. <\/p><\/blockquote>\n\n\n\n<p>By <strong>1st December 2021<\/strong>, all the UPI apps(TPAPs &amp; PSPs) must be compliant-ready with UPI Numbers. In addition, they are not allowed to incentivize users for this. The pilot allows apps to run with less than 5 million users for this.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_are_Payment_Links\"><\/span>What are Payment Links?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A <strong>payment link<\/strong> is a method to pay online that uses a URL unique for a customer and sends them to a <a href=\"https:\/\/decentro.tech\/products\/payments\/\">secure payments<\/a> page to proceed with the transaction. Users can complete the payment through their desired UPI app or any available NEFT\/IMPS\/RTGS options to the displayed <a href=\"https:\/\/decentro.tech\/blog\/what-are-virtual-accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">virtual account.<\/a><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Payment_Gateway\"><\/span>What is a Payment Gateway?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A <strong>payment gateway<\/strong> is a service provider that securely transfers funds between a customer and a merchant\/entity using any payment method. Payment gateways are like a middleman between the two entities and offer a secure environment to prevent the leakage of customers\u2019 sensitive information, such as card details or frauds of any kind. <\/p>\n\n\n\n<p>Some of the prominent payment gateways in India include Razorpay and Stripe.&nbsp;<\/p>\n\n\n\n<h4>Is UPI a Payment Gateway?<\/h4>\n\n\n\n<p>Unified Payment Interface is a simple bank-to-bank transfer network. A user can easily send or receive money to\/from anyone instantly and without having to enter bank details as required by IMPS. On the other hand, a payment gateway, a subset of <a href=\"https:\/\/decentro.tech\/blog\/what-you-ought-to-know-about-payment-service-providers\/\" target=\"_blank\" rel=\"noreferrer noopener\">payment service providers(PSP)<\/a>, is a more complex instrument with multiple underlying processes and steps to facilitate a fund transfer between a customer and a merchant\/business. Even though the end goal of both is to facilitate payment transfers, UPI is the simpler and hassle-free option of the two.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"UPI_Payment_Links_Vs_Payment_Gateways\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">UPI Payment Links Vs Payment Gateways<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Launched in April 2016, UPI has been a roaring success and is the 5th largest payment network in the world, volume-wise, following Visa, WeChat Pay, Alipay, and MasterCard.<\/p>\n\n\n\n<p>In 2019, Google penned a letter to the Federal Reserve about the execution &amp; runaway success of UPI built by India\u2019s NPCI for digital payments with a scalable architecture. The tech giant strongly vouched on how the same can be replicated in the US after their product Google Pay(formerly Google Tez) tripled growth within a year and landed an impressive 67 million users.&nbsp;<\/p>\n\n\n\n<p>India\u2019s UPI has been turning heads globally, not just in the US. NPCI is working to land UPI in UAE and Singapore and, soon enough, in the rest of South Asia.&nbsp;<\/p>\n\n\n\n<p>So, why have people unanimously embraced UPI? Making it one of the most popular payment modes in the country(and possibly in the world, too, in the near future)?&nbsp;<\/p>\n\n\n\n<ul><li>More secure and with a lesser risk of fraud and sensitive information getting leaked.&nbsp;<\/li><li>Ability to access multiple bank accounts at once, using a single point.&nbsp;<\/li><li>Wide variety of apps to choose from to process UPI-based payments.(Google Pay, PhonePe, BharatPe)<\/li><li>The ability to request payments<\/li><li>Instant money transfer and in real-time<\/li><\/ul>\n\n\n\n<p>While these are some of the many advantages for a consumer who opts for UPI, what about businesses?&nbsp;<\/p>\n\n\n\n<p>We could go on a limb here and even say that quite a big chunk of businesses are still parked in the cash-based or net-banking payment zones. However, why should they move to the fast track of UPIs? Let\u2019s find out.&nbsp;<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Transaction Fees<\/span><\/h4>\n\n\n\n<p>Imagine every time you make a payment, a good chunk of it goes as a service\/transaction fee? Don\u2019t believe us? Ask a freelancer who transacts with clients, especially overseas.&nbsp;<\/p>\n\n\n\n<p>A payment gateway makes payments uncomplicated. However, a ~2.0% transaction fee for each payment is a definite loss for the merchant and the customer. This issue further snowballs if the subject in question is an SMB with heavy transactions going in &amp; out daily. A payment gateway\u2019s cost definitely eats into the company&#8217;s commission structure.&nbsp;<\/p>\n\n\n\n<p>On the other hand, businesses can significantly lower transaction costs by adopting UPI or payment links for simple bank transfers. The lower UPI costs can be attributed to the zero Merchant Discount Rate (MDR) mandated by the government. MDR is the merchants&#8217; cost to banks and payment service providers (PSPs) for enabling the UPI infrastructure.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Fund Settlement Times<\/span><\/h4>\n\n\n\n<p>When a customer pays through the payment gateway, it could take 1-3 days (or even more) to be transferred to the company\u2019s account. Unlike businesses having their own UPI\/banking infrastructure, where the fund transfers are close to instantaneous.&nbsp;To overcome this, we&#8217;ve helped one of our customers, Workflexi, who had to wait for around 5-6 days for payment settlements on their platform. <\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Open Infrastructure<\/span><\/h4>\n\n\n\n<p>UPI is &#8216;open&#8217; &#8211; this means that a technology company can build applications that help its users directly manage transfers in &amp; out of their <a href=\"https:\/\/decentro.tech\/products\/accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">bank accounts<\/a>.&nbsp;<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Float or Interest<\/span><\/h4>\n\n\n\n<p>While businesses transact using a payment gateway, the funds stay in the gateway\u2019s escrow account for a few days and then are settled to the merchant. During this interval, the PG could earn a float or interest on the fund balance before transferring it to the business\u2019s account. The longer the funds stay at the account, the more interest the gateway could make.&nbsp; <\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Which_are_some_of_the_Industries_to_Benefit_from_UPI_Payment_Links\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">Which are some of the Industries to Benefit from UPI &amp; Payment Links?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>TLDR, we could say that in any industry that could switch to cash-free or card-free payment mode, it can utilize UPI or payment links to improve its financial &amp; payment workflows.&nbsp;<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">B2B Platforms<\/span><\/h4>\n\n\n\n<p>UPI has positively impacted industries across all domains B2B, C2C, B2C. However, B2B that tends to have high-volume, high-amount transactions, would particularly benefit a lot from UPI and payment links. With low-cost money transfers, a B2B business can save a lot of capital and channelize the saved commission for more effective growth purposes. However, each UPI transaction has a limit of \u20b91 lakh (at the time of writing), and businesses could use bank transfer methods for higher ticket transactions. <\/p>\n\n\n\n<p><a href=\"https:\/\/decentro.tech\/blog\/overcome-online-b2b-payments-challenges\/\" target=\"_blank\" rel=\"noreferrer noopener\">B2B payments<\/a> can be made smoothly &amp; instantaneously by embedding a QR code or payment link within the invoice. The payee entity can scan the <a href=\"https:\/\/decentro.tech\/blog\/why-qr-code-payments-must-have-place-in-offline-businesses\/\" target=\"_blank\" rel=\"noreferrer noopener\">QR code for payments<\/a>, visit the link, and wrap up the transaction.&nbsp;<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Logistics &amp; Trade&nbsp;<\/span><\/h4>\n\n\n\n<p>One of the behemoths in the high-volume transactions industries, Logistics &amp; Trade, requires payment tracking, spending monitoring, and easy reconciliations. Since the transaction amounts are enormous, neither the fees nor the intermediary account\u2019s cooling period does any good for the operators. What\u2019s the next best solution? UPI and payment links, of course! A great example is our delivery heroes, who collect Cash-on-Delivery orders using UPI QR codes or payment links.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">In-Store or POS Payments&nbsp;<\/span><\/h4>\n\n\n\n<p>Here, you have POS machines that have simplified the process of accepting payments at the point of sale at a particular location. A merchant is charged MDR or Merchant Discount Rate whenever a customer swipes a card. MDR is a processing fee covering credit\/debit card transactions and protection against fraud.&nbsp;<\/p>\n\n\n\n<p>This fee varies for credit &amp; debit cards but could be anywhere from 1% to 3%. As a result, more and more merchants and shop owners are encouraging customers to use UPI-based QR codes or directly send them payment requests or links to avoid this fee. Fintech apps such as PhonePe, GooglePay, and BharatPe are helping merchants to make this happen. (The majority of the shops you visit would now have a QR code to make payments, right? Phew!)<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How_Can_Decentro_Help_Your_Business\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">How Can Decentro Help Your Business?&nbsp;<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Decentro\u2019s Payment APIs will help you quickly launch your business vertical or new product.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1600\" height=\"960\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/money-transfer-upi-payment-decentro.gif\" alt=\"A GIF showing the instant UPI transfer flow by Decentro for single or bulk transfers.\" class=\"wp-image-1212\"\/><\/figure>\n\n\n\n<p>Our Payments module will help you:<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Set-up App To App Payments<\/span><\/h4>\n\n\n\n<p>Deep links are a type of URL using which you can send a customer directly to an application instead of a website. While supporting various kinds of UPI payment apps, you can use deep links to send payment requests to the specific API app of your customer\u2019s choice to collect payments.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Create your own UPI Handle Over your Business Account.<\/span><\/h4>\n\n\n\n<p>Instead of the Payment Gateway\u2019s nodal account, your customer can transfer money directly to your business account, which will have a customizable UPI handle. Also, settlements are instantaneous.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Enable Social Payments&nbsp;<\/span><\/h4>\n\n\n\n<p>Thanks to the many social media platforms, it&#8217;s much easier to reach customers today. In such a case, as a business, considering their convenience can help you amp up your customer experience effortlessly. With Decentro APIs, you can easily generate a payment link and then share it with your customers over any social channels such as WhatsApp, Email, SMS, and more via <a href=\"https:\/\/decentro.tech\/blog\/taking-next-step-towards-contextual-conversational-banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">conversational banking<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1320\" height=\"460\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/upi-payment-links-for-collections-reconciliations.png\" alt=\"Workflow explaning how Decentro's UPI Payments module work using virtual accounts.\" class=\"wp-image-1123\"\/><figcaption>Decentro&#8217;s UPI Module<\/figcaption><\/figure>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Automate Recurring Payments&nbsp;<\/span><\/h4>\n\n\n\n<p>Automate any recurring subscriptions or payments for your business via UPI &amp; ENACH using our system. Configure once and forget, save time, and don\u2019t expend on manual efforts.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"375\" height=\"812\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/upi-payment-collections-decentro.gif\" alt=\"A GIF showing the instant collections using UPI for single or bulk trasnfers.\" class=\"wp-image-1218\"\/><\/figure><\/div>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Facilitate Point Of Sale Transactions<\/span><\/h4>\n\n\n\n<p>Got the point of sales at your business? Set up QR codes to accept payments from your customers easily. You can create static QR codes (with an open-ended amount to enter for payment) or dynamic codes (with a predefined amount) to facilitate payments.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1231\" height=\"1211\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/upi-workflow-decentro-1.png\" alt=\"Decentro's UPI Workflow\" class=\"wp-image-659\"\/><figcaption>UPI Workflow<\/figcaption><\/figure>\n\n\n\n<p>As of October FY21, 2.07 billion transactions were via UPI out of 3.39 billion retail transactions, the trend only seems to be going upward from there. Needless to say, UPI, <a href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\">open banking<\/a>, <a href=\"https:\/\/decentro.tech\/blog\/bringing-baas-ipaas-for-empowering-businesses-with-quickwork\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking as a Service<\/a>(BaaS), <a href=\"https:\/\/decentro.tech\/blog\/embedded-finance-new-paradigm-in-fintech\/\" target=\"_blank\" rel=\"noreferrer noopener\">embedded finance<\/a> are the front runners when it comes to realizing the dream of financial inclusion in India. <\/p>\n\n\n\n<p>It\u2019s no easy feat to blend the convenience of making payments with <a href=\"https:\/\/decentro.tech\/blog\/what-is-kyc-why-is-it-important\/\" target=\"_blank\" rel=\"noreferrer noopener\">fraud protection<\/a>. Nor is it to bring your multiple bank accounts under a single umbrella to make transactions smooth. All this without paying a hefty amount as a transaction fee. Any business, especially the ones starting, can tremendously benefit from this.&nbsp;Therefore, it&#8217;d be only wise to have UPI up &amp; about in your payment systems. <\/p>\n\n\n\n<p>If your business wants to incorporate UPI into your payments system, we\u2019d happily walk you through the best possible ways. Or, if any questions have crossed your mind, don\u2019t hesitate to email us at <strong>hello@decentro.tech<\/strong>.&nbsp;<\/p>\n\n\n\n<p>We&#8217;re helping <a href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">neobanking platforms<\/a>, <a href=\"https:\/\/decentro.tech\/blog\/list-of-top-upcoming-nbfcs-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">NBFCs<\/a>, wealth managers, fintech lenders, <a href=\"https:\/\/decentro.tech\/blog\/top-gig-economy-platforms-from-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">gig economy players<\/a>, and more to set up a secure &amp; seamless payments ecosystem for their business. Let&#8217;s listen to your business\u2019s use case and solve it together!&nbsp;<\/p>\n\n\n\n<p>Next time we\u2019ll see you with something big in the <a href=\"https:\/\/decentro.tech\/blog\/why-your-company-should-start-looking-at-banking-apis\/\">banking API<\/a> space.&nbsp;<\/p>\n\n\n\n<p>Until then, it\u2019s a wrap!<\/p>\n\n\n\n<p>Cheers!&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How do UPI &#038; Payment Links blow Payment Gateways out of the water? How can you leverage UPI Payment links for your business? Find out with Decentro!<\/p>\n","protected":false},"author":4,"featured_media":6730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPI &amp; Payment Links Vs Payment Gateways - Decentro<\/title>\n<meta name=\"description\" content=\"How do UPI &amp; Payment Links blow Payment Gateways out of the water? 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