Unified Payment Interface, popularly known as UPI, is gaining popularity amongst the Indian payment systems. With this, more and more platforms using UPI mode for payment are becoming mainstream. Be it a mobile number, UPI ID, or even QR codes, making and accepting payments has become so much easier.
About a decade ago, no one would have thought about Quick Response codes, i.e., QR codes would help make the payment process simpler. In the article, we will discuss in detail how a UPI QR code generator can help you generate QR codes and how it is beneficial for your business.
UPI QR Code
A UPI QR code helps a retailer share their UPI ID with their customers and hence allows them to make payments online. This means that the users can scan the UPI QR code from any UPI app to make payments.
Due to the hustle and bustle of today’s time, consumers are always looking for an effortless way out, and the UPI QR code is doing the same thing by providing a time-saving payment method. It diminishes the need to input any transaction-related data and reduces any transaction-related errors, which is appealing to today’s consumers.
How to Generate UPI QR Code?
Follow these five simple steps to generate a UPI QR code:
Step 1: Indulge in thorough research to find out the best suited UPI QR code generator to create a QR code for your business.
Step 2: Once you have selected a secure and reputable platform, go to their dashboard, and look for the UPI QR code generator tab.
Step 3: Next, enter the basic details like UPI ID/VPA, currency, payee name, transaction remark, and more.
Step 4: Customize your QR code design by adding color, shape, and style that best suits your business.
Step 5: In the last step, enter the QR name and save your UPI QR code. Moreover, always make sure that you scan your QR code from different devices before printing it for production.
Benefits of UPI QR Code
1. Diminished Transaction-related Errors
UPI QR code-based payments are rapidly picking pace with the growing dependence on the internet. It is a safe transaction method as it leaves no room for error. This is because the payer does not have to enter his transaction details every time they have to make a payment.
2. No Requirement for Additional Setup
A merchant is not required to install a Point of Sale (PoS) machine at their store. Moreover, the consumers get quick and readily available payment methods. Therefore, the UPI QR code generator is beneficial for both merchants and consumers.
3. Secure Transactions
The customer can simply avoid any kind of security breach or data loss by scanning the QR code. The best thing about the UPI QR code is that it is interoperable, which means that the customers can pay through any app of their choice.
4. Limitless Payments
As a retailer, you have no restriction on the amount of money you can receive in a month. Moreover, these immediate payment services enable the funds to be directly deposited into your bank account.
5. Multiply Your Business with Razorpay
UPI QR code is one of the safest forms of transactions existing in today’s time. However, a merchant also needs a safe payment gateway to carry out the transactions. This is where Razorpay comes into the picture; it is the safest payment processing platform that allows businesses to accept online payments from their customers.
Visit the Razorpay website to know more.