HDFC Bank SmartHub Vyapar Payment Solutions

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UPI Payments Online For Merchants

HDFC Bank SmartHub Vyapar Payment Solutions: UPI Collect

Enjoy real-time settlements by accepting UPI payments online

With HDFC Bank’s SmartHub Vyapar, your customers can directly make payments to your business bank account via Unified Payment Interface (UPI). Without the need for card payment processing, payments collected via UPI are processed without Merchant Discount Rates (MDR). You can initiate UPI Collect to accept online payments in three easy steps:

1. In the Payments section of your SmartHub Vyapar portal, tap on ‘UPI Collect’.

2. Enter your customer’s mobile number and the amount to be collected.

3. Tap on ‘Initiate Payment’.

You can send the collect request to your customers via SMS, WhatsApp or directly to their UPI ID.

With SmartHub Vyapar, you can avail of unlimited UPI Collect payments. You can also collect high-value payments from your customers through UPI online. The payments are settled in real-time, enabling a faster inflow of cash. Voice and SMS alerts notify you when the customer successfully completes the transaction.

With our UPI Collect, you can offer your customers the ability to pay using their preferred UPI-enabled app. Your customers can pay you directly from their bank account without the hassle of typing card or NetBanking details. The customer will receive a notification on their UPI app. They must accept the online UPI request and complete the payment. The amount is deducted from the customer's bank account and credited to your bank account almost instantly.

By targeting customers who may not own a Debit Card or Credit Card, you can substantially expand your customer base. UPI also minimises security risks as you don’t have to deploy resources to store your customer’s virtual address. Encourage your customers to substitute cash-on-delivery payments with digital payments through UPI Collect. The customer can share the UPI payment receipt with the delivery agent for a seamless delivery.

To know more, download the SmartHub Vyapar brochure here.