Any person who has a FPB Pragati Current account can become a UPI merchant with FPB. This is mandatory
Customer with Pragati CA, needs to download Fino’s BPay application from google playstore and register on the application. After registering on BPay, customer needs to click on menu button and select “I am merchant”. Customer needs to enter all the details of his/her shop/establishment, create his/her UPI ID (VPA ID) and complete the registration process.
There are no charges for registering as UPI merchant
For registration process, it is important that the registered mobile number of Fino Current Account is same as the number used for UPI Merchant registration on BPay. Also SIM of the registered mobile number should be physically present in the mobile device used for registration
There are no charges for using this service and no charges in accepting payment from customer using FPB UPI Merchant
The customer can use any UPI enabled app like BPay, BHIM, Paytm, PhonePe, GooglePay etc and make the payment from there by scanning the QR code has been generated after registering on “I am Merchant"
After registering you can see the QR on “Generate QR Code” or you can go to “Profile” in manage tab. You can show the QR code to customer from there or download the QR and keep a printed copy over the counter or even share the QR code via mail, Whatsapp etc.
The amount will be credited to the FPB Pragati Current Account in real time.
The charges that are applicable for the Pragati Current Account will remain same which are mentioned in the Schedule of charges