Brief Introduction IMPS, UPI, BHIM & *99# UPI BHIM USSD Presentatio… · Introduction on IMPS,...
Transcript of Brief Introduction IMPS, UPI, BHIM & *99# UPI BHIM USSD Presentatio… · Introduction on IMPS,...
BriefIntroduction
IMPS, UPI, BHIM & *99#on
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Sr. No Features BANK's UPI APP BHIM *99# IMPS
1 Launch Year 25th August, 2016 30th December, 2016 28th August, 2014 22nd November, 2010
2 Availability 24*7*365 24*7*365 24*7*365 24*7*365
3 Languages Available EnglishCurrently 9 (3 morelanguages to come)
Currently 9(3 more languages tocome)
Varies across members
4 User Interface PSP ( Guidelines from NPCI) Standard Standard Varies across members
5 Channel Mobile (Data) Mobile (Data) Mobile (USSD)Branch, INET, Mobile, ATM, IVR,
SMS
6 Charges Channel Charges ( Data & SMS)Channel Charges ( Data &
SMS)Channel Charges 0.50/txn) Channel + Bank charges
7Transaction Limitper txn 1,00,000 10,000
5,000 Bank's - 2,00,000 , PPI's – 5,000
8Transaction Limitper day 1,00,000 20,000
Bank’s discretion Bank’s discretion
9Ecosystem (tilldate)
Bank – 27 Bank - 36 Bank - 27, Telco's - 10 Bank - 165, PPI - 25
10 MPINCreated on Bank's UPI APP, can
be used on *99# & BHIM
Created on BHIM, can beused on *99# & Bank's
UPI APP
Created on *99#, cannot be usedon BHIM & Bank's UPI APP
Works on existing channelauthentication
11 Send Money UsingAccount + IFSC, Mobile+MMID,
VPAAccount + IFSC, Mobile
No, VPAAccount + IFSC, Mobile+MMID,
VPA, Mobile NoAccount + IFSC, Mobile+MMID,
Aadhaar No.
12 Services Pay & Collect Pay & Collect Pay & Collect Pay
In Nutshell >>>>
Immediate Payment Service
Click to edit Master title style
An innovative“real-time” payment
service that is available“round-the-clock”
(even on holidays) andfacilitates interbank
(available with select PPIsalso), Account to Account(or to wallets* also) fund
transfer.
Public -
IMPS
IMPS Ecosystem as on March, 2017
Member Type TOTAL P2P P2AP2M &
M2PFIR ABRS Branch ATM INET
Public Sector Bank 27 27 27 17 15 8 13 5 25
Private Bank 20 17 20 11 13 4 4 4 19
Foreign Bank 6 5 6 5 2 0 0 1 4
Co-operative Bank 93 78 82 24 0 15 33 0 4
RRB 28 15 28 2 0 0 16 0 0
Payment Bank 4 0 3 0 0 0 0 0 2
BANK 178 143 167 59 30 27 66 10 55
PPI 25 7 25 3 0 3 0 0 20
Total 203 145 181 62 30 30 61 10 75
Public -
IMPS Eco SystemIMPS Eco System
Benefits of IMPSBenefits
Real-time domestic fundtransfer
24 X 7 X 365 availabilitySimple, fast and easy to
use
Fast, Inexpensive, Safeand secure
Channel IndependentAADHAAR No. basedtransaction enabled
Financial and non-financial service available
Alternate input optionsMultiple access
mechanism
Unified Payments Interface
Push and Pull Payments
Virtual Address(‘Username@PSPName’)
(No need to share Bankaccount details)
Transfer using Singleidentifier like Virtual
Address or Aadhaar No
Banks – (Payment ServiceProvider) will provide Appto customers of any bank
One App for all transactionneeds
Single Click 2 FactorAuthentication
Unified Payments InterfaceUnified Payment Interface
The Unified PaymentsInterface (UPI) offersarchitecture and a set ofstandard ApplicationProgramming Interface (API)specifications to facilitateonline payments. It aims tosimplify and provide a singleinterface across all NPCIsystems besides creatinginteroperability and superiorcustomer experience
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National Unified USSD Platform
Simplicity – Userrequired to justdial a short code
Convenient –Single codeacross allOperators
Round the ClockAvailability –
Works 24*7*365
Real TimeTransaction –Immediate in
nature
LanguageFlexibility –
Available in 9languages
Easy Accessibility– No internetconnection
required
*99#
*99# (National UnifiedUSSD Platform), is aninteroperableinfrastructure, comprisingbanks & telecomoperators, using USSDtechnology to providebanking services through acommon platform. USSDtechnology, till now wasused primarily in the fieldof telecommunication , auser can access bankingservices by just pressing*99# from his/her mobilephones. This service worksacross all GSM mobilehandsets.
Financial Transactions
• Send Money (VPA)
• Send Money (Mobile No.)
• Send Money (IFSC & Account No.)
• Send Money (Aadhaar)
• Request Money
Non-Financial Transactions
• Check Balance
• Transactions
• UPI PIN (Generate & Change)
Value Added Service• Aadhaar Linking Status(*99*99#)
• PMJDY A/C Overdraft Status (*99*99#)
Services Offered
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Bank live on *99#
Banks Name (Nuup 2.0) Banks Name (Nuup 1.0)Allahabad Bank Indusind Bank Abhyudaya Co-op Bank
Andhra Bank Karnataka Bank Apna Sahakari BankAxis Bank Kotak Mahindra Bank Federal Bank
Bank of Baroda Oriental Bank Of Commerce Gujarat State Co-op Bank
Bank of India Punjab National Bank Hasti Co-op BankBank of Maharashtra South Indian Bank Janata Sahakari Bank
Canara Bank State Bank Of Bikaner & Jaipur Kalupur Commercial Co-operative BankCentral Bank of India State Bank of Hyderabad Karur Vysya Bank
City Union Bank State Bank of India Mehsana Urban Co-op BankCorporation Bank State Bank of Mysore Nainital Bank
DCB Bank Ltd. State Bank of Patiala NKGSB Co-op Bank
Dena Bank State Bank of Travancore Punjab & Maharashtra Co-op BankHDFC Bank Syndicate Bank Punjab & Sind BankICICI Bank TJSB Bank RBL BankIDBI Bank UCO Bank Saraswat BankIDFC bank Union Bank Of India Tamilnad Mercantile Bank
Indian Bank United Bank Of India Yes BankIndian Overseas Bank Vijaya Bank
36 bankslive on
Nuup 2.0&
17 Bankslive on
Nuup 1.0
Bharat Interface for Money
Bharat Interface for Money(BHIM) is an app that lets youmake simple, easy and quickpayment transactions usingUnified Payments Interface
(UPI). User can make instantbank-to-bank payments andPay and collect money using
just Mobile number or VirtualPayment Address (VPA)
Single Unique Identifier (VPA, Aadhaar Pay , account number+IFSC and Mobile No based transfers)
Multiple Languages with Simple Interface
Link any UPI enabled bank account
Real-time debit and credit alerts in-App,through SMS and in TXN history
QR Code based Payments (Scan and Pay)
Report Spam - User declines the collect request, he can click onReport spam option in transaction detail page
BHIM
Available on
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Few Stats on UPI, BHIM, USSD 2.0 & IMPS >>>>
Product 2016-17 UPI USSD 2.0 UPI + USSD 2.0 BHIM
UPI
Transaction Count ( In Mn ) 17.1 0.77 17.87 6.19
Value ( In Cr) ₹ 6,843.56 ₹ 108.58 ₹ 6,952.14 ₹ 1,804.60
Avg Transaction Size ₹ 4,003 ₹ 1,409 ₹ 2,891 ₹ 2,915
Product March - 17 UPI USSD 2.0 UPI + USSD 2.0 BHIM
UPI
Transaction Count ( In Mn ) 6.16 0.21 6.37 3.7
Value ( In Cr) ₹ 2,391.38 ₹ 33.76 ₹ 2,425.14 ₹ 1,568.28
Avg Transaction Size ₹ 3,881 ₹ 1,598 ₹ 3,806 ₹ 4,237
BHIMDownloads
20.20 Mn
IMPSFIR Total
Mar-17 2016-17 Mar-17 2016-17
Transaction Count ( In Mn ) 0.323 2.27 67.41 506.82
Value ( In Cr) ₹ 1,892 ₹ 13,449 ₹ 56,468 ₹ 4,11,863
Avg Transaction Size ₹ 58,576 ₹ 59,371 ₹ 8,376 ₹ 8,126
Internalchannels
Start-ups &Fintech
companies
Product Opportunity & Strategy:
The two BHIM schemes (merchant usage)
Promotion of digital payments using BHIM app through two promotionalschemes:
Referral Bonus Scheme for individuals
Cashback Scheme for merchants
Objective of the scheme
• Increase number of users downloading / installing and registering for BHIM.
• Increase in number of transactions via BHIM
It is aiming to bring 5 crore new users on BHIM with 15 crore transactions.
• Applicable on completion of minimum 3 unique successful.• Transactions totaling to Rs. 50 to any 3 unique users (P2P or P2M)
ComponentsAmount (in Rs.) spent to bring new BHIM user
on-board
New BHIM user (Referee) (per person) 25
Referrer (per person) 10
Total referral bonus amount per new BHIM user
to be on-board35
Total Cashback Payout for Projected new BHIM
users through referral scheme ( 5 crore users @
rate of Rs.35/-)
Rs. 175 crore
Referral Bonus Scheme for individuals
Transaction Criteria to qualify for cash back:
• Min 50 credit financial trans of which at least 20 trans is from valid UPI unique customers
including that of BHIM
• Min trans value for all above transactions should be Rs. 25
No. of credit transactions (per
month)
Cashback to the merchant
(at the end of the month)Conditions
50-100 Rs 100
From at least 20 unique customers;
Minimum transaction value of Rs. 25 each>10050 paise per transaction maximum
upto Rs. 200
Total Cashback Pay out
Rs. 270 crore (15 lakh merchants @
rate of Rs.1800/-)
Cashback will be in range of INR100 to INR
300 and with maximum cashback of 1800 for
6 month
Cash back Scheme for Merchants