UPI Verification API is an Application Programming Interface (API) offered by Inspay Digital Private Limited that allows businesses and individuals to verify the UPI (Unified Payments Interface) ID of their customers. UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI), which allows users to send and receive money instantly using a virtual payment address (VPA) or a mobile number linked to their bank account.
The UPI Verification API offered by Inspay Digital Private Limited is designed to help businesses and individuals to verify the authenticity of UPI IDs provided by their customers before initiating a transaction. The API can be integrated into the business's or individual's existing application or website to enable real-time UPI ID verification.
To use the UPI Verification API, businesses and individuals need to register with Inspay Digital Private Limited and obtain the necessary API credentials. Once registered, they can integrate the API into their application or website using the provided documentation and support from the Inspay team.
The UPI Verification API works by validating the UPI ID provided by the customer against the NPCI database to ensure that the UPI ID is registered with a bank and is active. The API also checks whether the UPI ID is linked to the customer's mobile number and bank account details provided by the customer.
This API can be used for a variety of use cases, such as verifying UPI IDs for e-commerce transactions, bill payments, fund transfers, and other types of payments. It can help businesses and individuals to prevent fraudulent transactions and ensure that they are sending money to the intended recipient.
The UPI Verification API offered by Inspay Digital Private Limited is secure and reliable, with real-time response times and a high success rate. The API is designed to handle a large volume of requests and can scale to meet the needs of businesses and individuals of all sizes.
In addition to UPI Verification API, Inspay Digital Private Limited also offers other APIs related to UPI, such as UPI Payment Gateway API and UPI Collect API. These APIs can be used to initiate UPI transactions and collect payments from customers using UPI.
Overall, the UPI Verification API offered by Inspay Digital Private Limited is a valuable tool for businesses and individuals who want to verify the authenticity of UPI IDs provided by their customers. By using this API, businesses and individuals can prevent fraudulent transactions and ensure that they are sending money to the right person.