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UPI Payments

Collect payments directly

in your bank account with

UPI payments

Enable easy and secure business collections with real-time settlement for instant cash flow

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Quick

Payments

Instant

Settlements

Improved

Transparency

Automating

Recurring Collections

The traditional way of making B2B collections involved cash and cheques often leading to cumbersome processes.

UPI payments on the other hand offer a convenient way for B2B transactions as payments can be made instantly with virtual IDs.

Facilitate convenient B2B collections

with UPI payments

Economical

UPI transactions are usually free or with minimal charges. This leads to higher profit margins for your business.

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Virtual UPI ID

Businesses can create their UPI ID and accept B2B payments via the UPI payment gateway. The ID can be used to track and automate the reconciliation process with UPI payments.

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Ease of Use

UPI uses Virtual Payment Addresses or VPAs eliminating the need for lengthy bank account details. This establishes convenience as customers only need the merchant’s UPI ID to make payment.

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UPI AutoPay

Businesses following subscription models can collect payments with UPI AutoPay as it allows customers to enable automatic recurring payments.

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Real-Time Settlement

UPI transactions are settled in real-time implying the bank account receives the money instantly; thus improving business cash flow.

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Payment

collections made easy via UPI

How does it work?

1/4

Learn how UPI Payment will change the way you approach collections!

Read Blogs

UPI Transaction Status Check: Verify Your Payments

Jan 24, 2023

Conducting a UPI transaction check has become important to ensure seamless payments. Learn how to do a UPI transaction status check here

How to Integrate UPI Payment Gateway in Website or Mobile App

Optimizing Business Transactions: Mastering Seamless UPI Integration

Mar 22, 2024

Optimize your business with seamless UPI payment gateway integration. Choose EnKash's Olympus for secure, efficient, and flexible transactions. Revolutionize payment processes for success

What is MPIN? How to Generate and Use MPIN in UPI?

Mar 20, 2024

Explore the significance of Mobile Personal Identification Number (MPIN) in securing UPI and mobile banking transactions. Learn how to generate, change, and use your MPIN for enhanced online payment security.

Got Questions?

Don't worry! Our FAQs section will help you learn about UPI Payments in detail

What is UPI and how does it work for B2B collections?

UPI is a digital payment system that allows instant money transfers between bank accounts using a Virtual Payment Address (VPA). In B2B collections, businesses can share their UPI VPA with their clients to initiate instant payments for invoices or bills.

What are the benefits of UPI payments for business collections?

UPI payments in B2B collections offer the following benefits:

Convenience: UPI enables a faster and easier way to accept payments via VPA helping simplify the process
Quick Settlements: UPI helps in real-time settlements which increases the inflow of cash for businesses and eliminates the waiting period associated with traditional methods like cheques
Transparency: Collections made via UPI can be checked digitally anytime. The data can be used for record-keeping and reconciliation.
Automation: UPI AutoPay can be used for with recurring payments

Seeking further understanding of UPI payment?

UPI payments enable efficient and convenient business collections making it easier for them to manage their cash inflow and make better financial decisions.

Explore the comprehensive guide

Q. How to use UPI for B2B collections?

Generate UPI VPA: Ensure your business bank account supports UPI. Generate a VPA through your bank's mobile app or website.
Share your VPA: Provide your VPA details to your customers via invoice, email, or any preferred communication channel.
Payment Initiates: Your customer can initiate the payment through their UPI app using your VPA and the invoice amount.
Receive instant notification: You will receive a notification on your UPI app upon payment completion.

Q. Is UPI widely used for B2B payments now?

UPI in B2B payments is currently used in a limited manner, however, businesses will soon adapt to it considering the benefits it offers.

Q. How safe is UPI to receive payments for my business, especially for B2B transactions?

Two-Factor Authentication: UPI transactions require a UPI PIN and a one-time password to complete a payment. This two-factor authentication provides a double layer of verification making it difficult for unauthorized access.
Real-time Verification: UPI transactions take place instantly prompting a notification confirming payment status. This eliminates the risk of delayed payment enabling quick reconciliation.
Transparency: UPI transactions provide details like the sender's name and UPI ID associated with each payment. This establishes transparency during the audit trail for B2B transactions.
Efficiency: Customers can pay using the business’s VPA eliminating the need for lengthy bank transfers. This saves time and reduces effort.

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Corporate cards, payments, or other related services are provided by RBI-licensed banks and/ or in accordance with RBI regulations and/ or RBI compliance maintained by banks & regulated entities. EnKash is not a bank and doesn’t hold or claim to hold a banking license. *Powered by Banks/REs. ^# Launching soon as per RBI's PA (Online) authorization

Olympus™, an EnKash** product, is a licensed online payment aggregator authorized by the RBI

**EnKash is a commercial trade name owned by the legal entity, Nehat Tech Solutions Pvt. Ltd.

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UPI Payments

What is UPI and how does it work for B2B collections?

UPI is a digital payment system that allows instant money transfers between bank accounts using a Virtual Payment Address (VPA). In B2B collections, businesses can share their UPI VPA with their clients to initiate instant payments for invoices or bills.

What are the benefits of UPI payments for business collections?

UPI payments in B2B collections offer the following benefits:

Convenience: UPI enables a faster and easier way to accept payments via VPA helping simplify the process

Quick Settlements: UPI helps in real-time settlements which increases the inflow of cash for businesses and eliminates the waiting period associated with traditional methods like cheques

Transparency: Collections made via UPI can be checked digitally anytime. The data can be used for record-keeping and reconciliation.

Automation: UPI AutoPay can be used for with recurring payments

UPI payments enable efficient and convenient business collections making it easier for them to manage their cash inflow and make better financial decisions.

Spend Smart. Collect Fast.
Grow More.

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Payables

Loyalty Lounge

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Corporate Cards

Expense Management

Resources

Company

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Policies

UPI Payments

What is UPI and how does it work for B2B collections?

UPI is a digital payment system that allows instant money transfers between bank accounts using a Virtual Payment Address (VPA). In B2B collections, businesses can share their UPI VPA with their clients to initiate instant payments for invoices or bills.

What are the benefits of UPI payments for business collections?

UPI payments in B2B collections offer the following benefits:

Convenience: UPI enables a faster and easier way to accept payments via VPA helping simplify the process

Quick Settlements: UPI helps in real-time settlements which increases the inflow of cash for businesses and eliminates the waiting period associated with traditional methods like cheques

Transparency: Collections made via UPI can be checked digitally anytime. The data can be used for record-keeping and reconciliation.

Automation: UPI AutoPay can be used for with recurring payments

UPI payments enable efficient and convenient business collections making it easier for them to manage their cash inflow and make better financial decisions.

Spend Smart. Collect Fast. Grow More.

Receivables#

Payables

Loyalty Lounge

Solutions

Corporate Cards

Expense Management

Resources

Company

Help and Support

Policies

Spend Smart. Collect Fast.
Grow More.

Receivables^#