Maximus ASTRA offers UPI services to banks and payment facilitators, through both payment and collection transactions on smartphones by using virtual payment addressing. Maximus provides a scalable architecture with appropriate Application Programming Interfaces (APIs). Customers can use a custom-built or any other UPI app for a collect or pay request, whether the counterparty is a merchant or individual.

Maximus UPI includes

UPI Switch
Transaction Routing
Transaction Reconciliation
FRMS

Benefits to Bank

Universal secure App for payments

Payments based on Single/Unique Identifier

Opportunity to Tap Customer to - Business (C2B) Segment

Opportunity to Tap eCommerce & mCommerce (Pull-Initiated) Transactions

Simplified Authentication

Benefits to Customer

Customers can make payments by providing only an address without account details or credentials on 3rd party applications or websites.
Customer can send a collect request to another person or entity with “pay by” date to allow a payment request to be “snoozed” and paid later before expiry date.
Customer can pre-authorize multiple recurring payments similar to ECS (utilities, school fees or subscriptions) with a one-time secure authentication and rule-based access.
Customer can transfer funds using a virtual address, without revealing personal details like Mobile Number/Account Number.
Customer can authorize a transaction by entering just a PIN and payments can be made with a 1-click 2-factor authentication on a personal phone.