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NPST launched Timepay Evok, a UPI API engine

Published on January 30, 2023
Current context: A UPI (Unified Payments Interface) API (Application Programming Interface) engine called Timepay Evok has been introduced by NPST (Network People Services Technologies Ltd), a provider of banking technology
NPST launched Timepay Evok, a UPI API engine

  • 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

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