Collect payments from Indian consumers using some of the most popular local payment methods.
Paymero supports the most popular and most reliable payment methods for accepting payment deposits from Indian consumers.
Paymero manages all outbound payments, payouts and refunds via bank transfer due to its speed and reliability.
NetBanking is a unique payment method to India that is culturally very well known and a commonly used way of paying for things online.
NetBanking in general just refers to “Online Banking” or “E-Banking”. It is essentially a way of paying for things online via the Internet Banking services tied to your bank account. In order to pay for things via NetBanking, a user simply needs to be registered to use online banking with their respective bank.
When a user chooses to make a payment via NetBanking, the payment is initiated via a payment gateway, the user then selects which bank they are with, and then they are redirected to their bank’s online banking page to authenticate (log-in) and approve the payment to complete the transaction to the requesting merchant. There is no need for any copying and pasting of beneficiary details, the process is fully automated.
Unified Payment Interface (UPI) is a smartphone application which allows users to transfer money between bank accounts. It is a single-window mobile payment system developed by the National Payments Corporation of India (NPCI). It eliminates the need to enter bank details or other sensitive information each time a customer initiates a transaction.
The Unified Payment Interface is a real-time payment system. It is designed to enable peer-to-peer inter-bank transfers through a single two-click factor authentication process. The interface is regulated by the Reserve Bank of India (RBI), India’s central bank. It works by transferring money between two bank accounts along a mobile platform.
The system is a safe and secure method of transferring money between two parties, and eliminates the need to transact with physical cash or through a bank.
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Paymero is the most professional payment service provider offering solutions for the Asian market today! No other PSP’s can match the reliability and safety of Paymero. Highly recommended!
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