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UNIQUE PROPOSITIONS

UNIQUE PROPOSITIONS

Some of the unique propositions are presented below:


USP OF DIRECT MEMBERSHIP:


1. Customers can “Link Multiple Bank Accounts” opened at any member bank into your
PSP App and make payment seamlessly.

  • Give the experience of your facilities/offering to other bank’s account holders and attract them to your services. Examples: loyalty, fixed deposits, etc.

2. Extend the “Link Multiple Bank Account” service to third-party PSPs under your umbrella.

  • Bank will offer this service to PSPs as Acquiring Bank and make them sub-member.
  • The integration of PSP is done at the Bank switch.
  • The transaction is carried out through a Bank switch so the bank will have the entire visibility over their sub-member's transactions.

3. Extend “Payment APIs” to Cooperatives and MFIs

  • Bank will offer this service to the third party and make them sub-member and build the business case with them.
  • These entities will get access to the entire network through the Bank so the bank will have entire visibility of overpayment transactions of sub-member.
  • Bank may avoid a lot of expenditure involved in the issuance of cards to their Cooperative customer and avail services through Mobile Apps.
  • Bank can assign the transaction volume cap based on the member’s appetite with the Bank- Net Debit Cap.

4. Extend “Payment Plugins” to Online Merchant

  • UPI-Nepal merchant payment plugins enable member banks to onboard their online merchants and build multiple business cases with them.
  • The interoperable and open system enables, all UPI-Nepal users (having any UPI-App) to make payments to these merchants.
  • The same plugins can be utilized by sub-members to extend the service to any merchants.
  • Any transaction to these merchants is routed through acquiring member Bank Switch.

5. Onboard other PSOs

  • Direct Member can onboard Payment System Operator as their Sub-Member.
  • The integration with PSOs will ensure interoperability between UPI-Nepal and Sub-Member PSO.
  • Any transaction happening to the sub-member PSO will be routed through the acquiring Bank.
  • Technological integration has to be jointly done by UPI Nepal Team and the Sub-Member PSO team.