What is UPI ID Payment?
This service allows you to send money instantly to your vendors’ bank account using their UPI ID (like name@bank or 123456789@upi), without needing to know their bank account numbers.
Eko acts as a secure and compliant intermediary platform that allows agents to initiate UPI payments to vendors. Eko handles verification, fund routing, transaction authentication, and provides real-time settlement while ensuring data privacy and system integrity.
How to do UPI ID Payment?
Step 1: Select UPI ID Option
Start the transaction by selecting the “UPI ID” payment option.
- Verify UPI App Linkage: Confirm that the recipient’s mobile number is correctly linked to a UPI-enabled application.
Step 2: Enter Vendor Mobile Number
Input the vendor’s mobile number associated with the payment request.
Step 3: Select or Add Recipient
- Choose the desired recipient from the existing list.
- If the recipient does not exist, proceed to add a new recipient.
Step 4: Add Recipient Details
Enter the following:
- Recipient’s Mobile Number
- Recipient’s Name
- Select the UPI App of the recipient (optional)
- UPI ID of the recipient
Step 5: Execute Vendor Payment
- Enter the payment amount to be transferred.
- Input your Secret PIN to authorize and complete the payment.
Key Points to Remember
- Ensure correct UPI ID: Always double-check the UPI ID before initiating the payment to prevent failed or misdirected transactions.
- Confidentiality of PIN: Do not share your Secret PIN. It is required to securely authorize UPI payments.
- Accurate Recipient Information: Carefully review recipient details when adding or selecting recipients to avoid errors.