How to accept payment from India (UPI, PayTM and etc)

[a112114]

Hello,

We have an advertising company in England and we have payments from clients that are based in India, so mostly we've been asked about Paytm, but as I understood we don't exactly have to have paytm, because of UPI.

Questions are:
Am I understood correctly about UPI?
Any Ideas where a UK entity can open an account with UPI?

Thanks in advance!

 

[troubled soul]

Am I understood correctly about UPI?
Click to expand...

No Dear,
https://en.wikipedia.org/wiki/Unified_Payments_Interface

Any Ideas where a UK entity can open an account with UPI?
Click to expand...

No, Not possible

It is Local payment option,
You have to register company in India to Accept Payment from Paytm or UPI.

 

[a112114]

azb1 said:
No Dear,
https://en.wikipedia.org/wiki/Unified_Payments_Interface
No, Not possible

It is Local payment option,
You have to register company in India to Accept Payment from Paytm or UPI.
Click to expand...

Ok, but can a non-india physical person open an account in (for example) Paytm and accept payment via UPI?

Or might be we can open an account in an Indian bank as an entity and accept UPI?

 

[troubled soul]

Howl1337 said:
Ok, but can a non-india physical person open an account in (for example) Paytm and accept payment via UPI?

Or might be we can open an account in an Indian bank as an entity and accept UPI?
Click to expand...

If you have Indian phone number, You can open an account, with Paytm or any UPI based mobile wallet.
But It is very complicated. After 10,000 INR you have to do KYC.
I am not sure they will accept you after 10,000 INR.

Can I give you "Free advice" , tell your customer to use International Debit/Credit card for Payment.
These Paytm and UPI based wallet are only for Local transaction.

Somehow You manage to open account with Indian bank and Paytm.
It make things very complicated.

Most Indian bank employee does not understand English better . They make your life hell.

Better to avoid this Paytm and UPI wallet things.

Most indian bank issue international Debit/credit card .
There will be no issue for your customer.

Even most Indian use their debit card to add money to paytm.
What is the point of Using PAYTM ????

Internetional Credit/debit card -> Paytm/UPI wallet -> You

why you need them ??

Just use direct transaction
Internetional Credit/debit card -> You

Last edited: Nov 12, 2021

 

[Martin Everson]

Howl1337 said:
We have an advertising company in England and we have payments from clients that are based in India, so mostly we've been asked about Paytm, but as I understood we don't exactly have to have paytm, because of UPI.
Click to expand...

Try a company like Dlocal which specializes in supporting emerging market countries local payment methods for merchants. See if they got India working yet.

https://dlocal.com/online-payment-p...-payment-methods-processors-ecommerce-market/

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[troubled soul]

Martin Everson said:
Try a company like Dlocal which specializes in supporting emerging market countries local payment methods for merchants. See if they got India working yet.

https://dlocal.com/online-payment-p...-payment-methods-processors-ecommerce-market/
Click to expand...

So I was wrong...
There is a way for doing this .

Thanks for sharing.
Sorry for My ignorance.

 

[a112114]

Martin Everson said:
Try a company like Dlocal which specializes in supporting emerging market countries local payment methods for merchants. See if they got India working yet.

https://dlocal.com/online-payment-p...-payment-methods-processors-ecommerce-market/
Click to expand...

Thx! Will try