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Reverse Penny Drop via UPI App

Reverse Penny Drop via UPI API is a technology designed to verify bank account details using the Unified Payments Interface (UPI). This involves sending a small, nominal transaction (usually a few cents) to a user’s UPI-linked bank account to confirm its validity and correct linking.

How Reverse Penny Drop via UPI app Works?

  • 1.
    A small amount is transferred to the user’s UPI-linked bank account to start the verification process.
  • 2.
    The user receives the transaction and is prompted to provide details such as the transaction amount and any reference number included.
  • 3.
    The API queries the UPI system or bank to retrieve transaction details based on the information provided.
  • 4.
    The API verifies if the deposited amount matches the details provided by the user and checks if the account is correctly linked and active.
  • 5.
    The API sends back the verification results, indicating whether the penny drop process was successful and if the account is validated.
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Streamline Workflows

Streamline Workflows

Eliminate manual reconciliation of data across multiple documents.

Prevent fraudsters.

Prevent fraudsters.

Secure your services by allowing only genuine customers access, thus safeguarding against fraudulent activities.

Trustworthy Verification

Trustworthy Verification

Verify all customer-provided information to onboard legitimate and accurate customers.

Instant Verification

Instant Verification

Optimize your time and effort by integrating the appropriate APIs. Data processing takes just a second, eliminating the need for manual review.

Use Cases Of Reverse Penny Drop via UPI App

Bank Account Verification

UPI Payment Gateway Integration

KYC (Know Your Customer) Compliance

Fraud Prevention

User Identity Verification

Frequently Asked Questions

It is a technology that uses a small UPI transaction to verify the validity and accuracy of a UPI-linked bank account.

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