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UPI QR Collection


AEPS Illustration

What is UPI?

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

Now you can take payment with QR code Money Magnet is giving you the facility of UPI QR Code Payment received through QR code will be credited to your wallet instantly

  • ● Immediate money transfer through mobile device round the clock 24*7 and 365 days.
  • ● Single mobile application for accessing different bank accounts.
  • ● Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment.
  • ● 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
  • ● Best answer to Cash on Delivery hassle, running to an ATM or rendering exact amount.
  • ● Merchant Payment with Single Application or In-App Payments.
  • ● Utility Bill Payments, Over the Counter Payments, QR Code (Scan and Pay) based payments.
  • ● Donations, Collections, Disbursements Scalable.
  • ● Raising Complaint from Mobile App directly.
  • ● Seamless fund collection from customers - single identifiers
  • ● No risk of storing customer’s virtual address like in Cards
  • ● Tap customers not having credit/debit cards
  • ● Suitable for e-Com & m-Com transaction
  • ● Resolves the COD collection problem
  • ● Resolves the COD collection problem
  • ● In-App Payments (IAP)

Info

Money Magnet is to democratize digital payment solutions, ensuring accessibility and viability for all. Our suite of products and services is designed to streamline both B2B and B2C transactions, prioritizing safety and efficiency above all else.

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