Bank transfers & instant payments · Asia-Pacific · Available
UPI in India
UPI accounts for 60 % of e-commerce payments in India (NPCI monthly statistics, 2025). Payments are made in INR; the method supports pay-in, payout, recurring, refund; settlement: instant; chargebacks: not possible. The payments regulator in India is Reserve Bank of India (RBI). Providers for UPI in India in the Tranzify catalogue: Paytm, PhonePe, Razorpay, SurfGate.
Key facts
- share of e-commerce payments · India
- 60 % (NPCI monthly statistics, 2025)
- Currency
- INR (Indian rupee)
- Operations
- Pay-in · Payout · Recurring · Refund
- Settlement
- instant
- Chargebacks
- not possible
- Payments regulator
- Reserve Bank of India (RBI)
Providers for UPI in India
How a payment goes through
- 1The checkout shows the account details, the amount and a reference
- 2The payer sends the transfer from their banking app
- 3The provider matches the incoming transfer by reference and amount
- 4Webhook to the merchant; unmatched transfers are refunded
Other payment methods in India
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| Bank transfers & instant payments | IMPS / NEFT | — |
| Wallets | Paytm | — |
| Cards | Visa | — |
| Cards | Mastercard | — |
| Wallets | Google Pay | — |
| Wallets | Apple Pay | — |
| Cards | RuPay | — |
| Bank transfers & instant payments | Net banking | — |
Frequently asked questions
Which providers offer UPI in India?+
In the Tranzify catalogue UPI in India is offered by Paytm, PhonePe, Razorpay, SurfGate. A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is UPI used in India?+
According to NPCI monthly statistics, 2025, UPI has a share of 60 % of e-commerce payments in India.
Which operations does UPI support in India?+
UPI supports pay-in, payout, recurring, refund. Settlement is instant and chargebacks are not possible; the amounts are in INR.
Who holds the licence for UPI in India?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in India is Reserve Bank of India (RBI).
Articles about India
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