UPI Facility offers an instant, 24X7, interbank electronic fund transfer or fund collection service to the Users of UPI member banks. Whereas, UPI Plug-in offers an instant, 24x7, interbank electronic (only P2M) fund transfer or fund collection service to Users of UPI member banks. The Users can put in request for fund transfers or funds collection or respond to funds collection from iMobile Pay or Pockets PSP mobile banking channels, through TPAP and in case of UPI Plug-in through Partner Application (only P2M transactions) in a secure manner for any of their linked bank Accounts. As a PSP, ICICI Bank will provide a mobile application to the Users which will use the NPCI UPI libraries facilitating payments.
In case of UPI Plug-in, ICICI Bank will extend Bank SDK to integrate with Partner Application so that payment can be made through Partner Application to merchants only (P2P transactions aren’t allowed in case of UPI Plug-in). The PSP mobile application can be used by User(s) to transact on Account(s) and the Partner Application can be used by User(s) to transact on merchant Account(s) after a one-time registration process. For convenience of making payments, we will use the VPA associated with User mobile number or that of remitter/beneficiary who have transacted with the User. The User/Partner can choose to pay or make a collect request basis any mobile number wherein the PSP mobile application/Partner Application may display the UPI ID's, in a masked format, linked to such mobile number to enable the User/Partner to pay or make collect requests.