Payomatix13 Aug, 2024Computer & Internet
Payomatix is a well-known digital payment solution in India. Their all-in-one UPI payment gateway offers seamless UPI solutions, ensuring a superior experience for users. A UPI (Unified Payments Interface) payment gateway helps to transfer money instantly and securely between a customer?s bank account and a merchant?s bank account. To process a payment, a UPI payment gateway links the customer's bank account to the merchant's bank account. This is how it operates: Payment Initiation: The consumer enters their UPI ID and chooses the UPI option at checkout. Payment Request: The customer's UPI app receives a payment request from the UPI payment gateway. Authorization: The consumer checks the payment information and confirms the transaction by inputting their UPI PIN after receiving a notification on their UPI app. Transaction Process: The money is immediately transferred from the consumer's bank account to the merchant's account.
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