BriefIntroduction

IMPS, UPI, BHIM & *99#on

2

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