Welcome to the world of UPI BharatQR - Frequently Asked Questions

Unified Payment Interface (UPI) is the most advanced and cost effective payment system developed by National Payment Corporation of India (NPCI).
With UPI your customers can pay directly from their bank account using a UPI app from their mobile phone.
Economical: UPI is one of the most cost effective payment method as compared to credit cards, debit cards or wallets, etc.

More Users: As per RBI more than Rs 24,000 crore transactions has been done through UPI which has already overtaken transactions done through all wallets put together.

No Hidden Cost: With UPI there is no need to install any additional hardware or POS machine. The Merchant has to pay only basic TDR per transaction.

Daily Settlement: All due amounts will be credited into the Bank Account of the Merchant automatically at 8pm.
Customer can make UPI Payment through UPI Apps like BHIM, SBI Pay, and more than 45 other UPI Apps.
Unlike Mobile Wallets there is no need to top up money into mobile wallet account. With UPI you can directly pay from your bank account.
Also the money is credited into the bank account of the Merchant.
Once you decide to go live on UPI, tmw Biz will provide your business with a unique UPI ID (for eg. goyalsons@xyz-bank) and unique UPI QR Code. With you UPI ID and QR Code your customers can make UPI Payments to you. You will also get access to tmw Biz Merchant Dashboard to check status of your payments, make refunds and download your QR Code.
  • All UPI apps have feature of Scan and Pay. For example, A customer will open BHIM app on his mobile phone and scan the UPI QR Code provided to yur business, enter amount and make the payment.
  • Your customer can also enter your UPI ID in his UPI App and make the payment.
Once the payment is made using any of the above methods, you will receive instant notification on your mobile phone, tmw Biz Dashboard and email.
All amounts due will be credited into the Merchant Bank Account daily and automatically at 8PM.
Go to "Transaction Reports" in left pane of dashboard. Select the date for which you want to generate the report. Click on "Download" to download file as PDF or Excel.
Just dial +91-9555007507 and press 1 to talk to our customer care executive.