A customer opens their mobile banking app, taps on Scan QR Code and scans the QR Code.
Once the code is scanned, the customer enters the amount that he/she wants to pay and the authentication code to complete the transaction.
Once authentication is completed, the Merchant and the customer will get the transaction success SMS to their registered Mobile Numbers, from their respective Banks.
The payments will be credited directly to the Merchant’s bank account on settlement.
Merchant’s account will be credited on settlement, which usually is on T+2 basis.
If the transaction is performed by Customer through UPI platform (eg. Bhim App), Merchant’s account will be credited on real time.
