- The Timepay Evok, a cutting-edge payment platform, will serve as an all-in-one UPI payment solution for online retailers and assure safe, dependable, and quick payment collection.
- It has built-in features, including merchant onboarding, auto reconciliation, merchant dispute resolution, and solid data points for customer assistance.
- It provides UPI AutoPay for regular payments using UPI and the QR POS (Quick Response Point of Sale) solution for secure transactions.
- The National Payments Corporation of India (NPCI) registered NPST as a Third-Party Application Provider (TPAP) to use NPST's TimePay service.
- Third-party application providers, or TPAPs, are companies like Google Pay, Amazon Pay, or PhonePe that create unique UPI handles for their clients.
- NPST is an NPCI-approved authorised Merchant Payment Service Provider that accepts merchants and offers payment apps to users in various market areas.
- It works with banks and financial institutions acting as Technology Service Providers (TSPs) as a Fintech partner, offering a certified digital payment solution that includes Mobile Banking, IMPS (Immediate Payment Service), Bhim UPI, and Wallet platform.
Question:
Q.1 What company introduced the Timepay Evok UPI API engine?
a. NPST (Network People Services Technologies Ltd)
b. Timepay
c. UPI
d. API
