SWIM ATA UPI Payment Service Provider System ! 1 ! 2 - - PowerPoint PPT Presentation

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SWIM ATA UPI Payment Service Provider System

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SWIM ATA PSP System Integrates With UPI

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Critical to India – UPI Payments Central to the Indian economy

UPI IMPS touches every bank account in the India Transfers and payments within seconds NPCI operates the Indian UPI national payments infrastructure, a national grid for payments including IMPS Unified Payment Interface (UPI) payments architecture aims to achieve the goals of universal electronic payments, a less cash society, and financial inclusion - RBI Payment System Vision All interbank payments pass through IMPS systems Since its beginning, UPI aims to achieve 99.9 percent availability across all systems

Strategy to expand into international markets

Aim to operate in UK via integration with Payport Vocalink

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SWIM ATA UPI Architecture

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SWIM ATA PSP System Overview

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UPI P2P & Merchant Collect Payments

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Reserve Bank

• f India

Settlement Bank A

GW

Bank B

GW

Bank C

GW

New Model IMPS Central Infrastructure UPI

PSP

SWIM ATA

PSP PSP

This is you! NPCI

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Direct Pay by Payer to Payee

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Collect Pay Payee from Payer

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UPI User Identity & Validation

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Identity Data Validated By When How Mobile Number PSP Customer Registration Using OTP Issuer Account Registration During first transaction Aadhaar Number or PAN number PSP Customer Registration Aadhaar authentication

• r PAN card

verification Customer Name PSP Customer Registration Aadhaar e-KYC or Bank or PAN card verification or any

• ther KYC verification

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What is SWIM ATA PSP System ?

SWIM ATA PSP System gives financial institutions the ability to offer real-time ATA payments 24/7 by becoming Payment Service Providers on the UPI IMPS Service

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A Managed Service

• no need to invest and

maintain an in-house gateway solutions

Software as a Service

• that simplifies

implementation

An End-to-End Solution

• including ad-hoc

consultancy and 24/7 support

A direct connection to UPI

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How SWIM ATA PSP System Connects to UPI?

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UPI Payments Service Merchant Mobile Customer Mobile Payment Service Providers gateway Core central system Reports Customer channels Mobile Network SWIM ATA Managed Service Participant Banks

Host system

Sponsor Acquirer

WebServices

Note: FPS reports are collected directly by the participant from the FPS UI

SWIM ATA for Payment Service Provider Banks of UPI

Stand-in service Internet

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Implementation and On- boarding

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UPI testing & accreditation

UPI Certified SWIM ATA PSP gateway simplifies your end- to-end solution certification

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Technical take-

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Provide all necessary technical information for necessary message types & interfaces to SWIM ATA Wallet SDK & responses for the Member Assurance Questionnaire

Testing

SWIM ATA team will guide you through the test phases to ensure you are ready for certification testing with UPI

Discovery Process

Pre-implementation: work with you to discover & understand your business needs to ensure we meet your requirements

UPI Scheme Engagement

Partner with you via joint meetings with your business & UPI

5 Key Stages

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UPI Engagement Process

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Comply with security,

• perational

and availability requirements

• f UPI

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Have a plan to become UPI PSP Bank

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Comply with Legal and Regulatory Requirements

• f UPI

Gain agreement from UPI to become a PSP

UPI Engagement Process

Steps to Joining SWIM ATA PSP UPI