The UPI VPA creation Program for Paytm is a strategic initiative designed to promote and expand the usage of the Unified Payments Interface (UPI) service offered by Paytm. UPI is an instant payment system in India that facilitates seamless and secure money transfers between bank accounts using mobile devices. Paytm UPI VPA creation program aims to increase the adoption and usage of the Paytm UPI service by leveraging the word-of-mouth effect and providing incentives to Partner’s and their Merchant’s.
- Motivate existing partner’s merchant to actively registed new customer to the Paytm UPI platform.
- Increase the retention and engagement of existing Paytm UPI users.
- To acquire & Increase the number of new users joining the Paytm UPI service through referrals.
- To enhance the brand awareness and reputation of the Paytm App.
- Partner’s merchant can earn the incentive on the Paytm UPI VPA activation.
- Partner will integrate the generate URL API and share the following details with PaySprint.
Customer Mobiler Number
- Partner need to create the frontend with help of the generate URL API and partner’s merchant should collect the customer name and mobile numbe.
- PaySprint will send the SMS with Paytm UPI VPA creation link to the customer's mobile number on behalf of Paytm.
- Partner’s Merchant need to guide the customer to click on the Paytm UPI VPA creation link and after clicking on the link, the customer will be redirected to the Paytm APP and download the App.
- The customer need to login into the Paytm App with help of mobile number and complete the OTP verification.
- Partner’s merchant will guide the customer to link his bank account into the Paytm App for UPI VPA creation.
- To activate the Paytm UPI VPA customer need to complete a tarsnaction testing to any person other than the merchant.
- Customer need to activate the Paytm UPI VPA by completing a transaction testing for any amount (Any person other than the merchant) with in 7 days and if customer complete the transaction testing for Paytm UPI activation after 7 days then partner’s will not get any commission.
- Paytm UPI VPA creation link will be vaild for the next 7 days, & merchants cannot initiate a new UPI VAP creation duplicate request on same mobile number with in 7 days.
- Commission will be paid for New / Activate users.
- Partner also get the commission for dormant user activation.
- Commission will be paid on T+1 days basis.
|Sr No.||Bank Name|
|1||ICICI BANK LIMITED|
|3||PUNJAB NATIONAL BANK|
|4||STATE BANK OF INDIA|
|6||BANK OF BARODA|
|8||KOTAK MAHINDRA BANK LIMITED|
|10||UNION BANK OF INDIA|
|11||KARUR VYSYA BANK|
|12||CENTRAL BANK OF INDIA|
|13||BANK OF INDIA|
- The commission will be paid for New / active users.
- UPI VPA creation Customer Activation will be on any UPI Transaction on Paytm for any amount in 7 days.