UPI QR Code

A UPI QR Code, created using the UPI infrastructure developed by the National Payments Corporation of India (NPCI), is a scannable quot;Quick Responsequot; (QR) code that securely holds a merchant's UPI details to ensure error-free payment receipt. Customers can simply scan this code with any UPI app to execute a payment. It efficiently supports both person-to-person and person-to-business transactions, offering a fast, convenient, and contactless method for payment collection.

Following are the steps to create a UPI QR Code for your business -

• Sign up on Cashfree Payments.
• Upload necessary documents to activate your Auto Collect account.
• Generate multiple UPI VPAs using the Dashboard or API. Once VPAs are created, generate multiple QR codes using APIs.
• Download the UPI QR code from the Dashboard, print it, and use it to collect payments.

For more details on integration, refer to the documentation here

A static QR codes are open QR codes that can accept any amount of payment, and are persistent, i.e., you can scan it again after some period of time and it will still enable you to make a payment. Customers need to enter the amount at the time of payment. Cashfree Payments UPI QR Codes are static printable QR codes.

In contrast, a dynamic QR codes has a fixed amount linked to it and is used at a transactional level. Customers can pay only the fixed amount assigned to the QR code. For each transaction, a unique dynamic QR code is generated with a pre-defined payment amount, time of expiry and a transaction ID.

For existing UPI AutoCollect merchants, no addional integration is required. You can start using UPI QR codes immediately via Cashfree's Merchant Dashboard.

Looking to start using UPI QR codes and digitise payments for your business? Create an account on Cashfree Payments here.

Businesses that have an offline presence with multiple branches or franchisees and collect payments in-store or in-person frequently use UPI QR codes. This helps them collect UPI payments from multiple locations with ease. Using Cashfree Payment's UPI QR codes will also help you track payments coming from different locations (specific branches or agents) and make it easier or you to have visibility over the payment sources.

Definitely, many business owners employ distinct UPI QR codes for different stores. With Cashfree Payments, you can generate multiple QR codes linked to various Virtual Payment Addresses (VPAs) all under a single merchant account.

Cashfree offers static printable QR codes of multiple banks. They enable businesses to generate multiple UPI VPAs using their Dashboard or API. Once the VPAs are created, businesses can generate a UPI QR code via API, download it from the Dashboard, print it, and use it to collect payments. Furthermore, merchants receive notifications regarding each incoming payment and subsequent settlement, ensuring complete transparency.

You can start using UPI QR codes to collect paymemts immediately after you are set up as a merchant on AutoCollect. To get access to Cashfree Merchant Dashboard, create an account here.

In UPI, the money is settled as per mutually agreed upon settlement terms. Default settlement cycle is ( T+2) days where (T) is the day of transaction. Many businesses with Cashfree opt for instant settlements to manage their working capital effectively.