What does India Native Payments mean: India Class 1 Type 2 Payment Channel - Wake Up / Native / UPI / Card Access

In 2024, India celebrates an important political year with general elections that trigger significant volatility in the political, economic and financial spheres. India's financial system is particularly affected by these elections. The government has implemented a series of stringent controls to regulate multiple systems in order to prevent and eradicate problems associated with political donations during elections. These measures are designed to curb bribery and vote buying by controlling the flow of funds. As a result, certain channels in India have been severely impacted, resulting in a lower success rate for large transactions and more stringent risk controls.

The payment environment in India is similar to that in China, which facilitates our compatriots to develop and build local teams in India. India's large population, diverse castes and religious groups make up its complex and diverse social structure, which is even more complex than in China. India has a large number of card traders, including Muslims and Hindus. The lowest tier of card holders earns the least, followed by different tiers of card traders, eventually reaching the Chinese.

First Class Card Activation works by mimicking normal mobile payments by automatically launching the app when the link is clicked. Installed apps like Phonepe, Paytm, WhatsApp Pay and UPI Pay are used to activate the payment software. You can watch this video to understand the principle behind it.

Unified Payment Interface (UPI), developed by National Payments Corporation of India (NPCI), is an advanced payment system designed to revolutionise the process of inter-bank transfers by enabling instant fund transfers through mobile devices, providing users with a seamless and fast payment experience.

UPI supports 24/7 instant payments, eliminating the time constraints of traditional bank transfers and enabling users to conduct transactions at any time.UPI payments use unique UPI IDs, eliminating the need to share sensitive bank account information, thereby enhancing user privacy and security.The UPI system supports multiple transaction types, including person-to-person (P2P) payments, person-to-merchant (P2M) payments and bill payments, making it widely applicable in a wide range of payment scenarios. UPI employs a multi-layered security mechanism, including two-factor authentication and encryption, to ensure that every transaction is safe and secure. Users are subject to strict identity verification when making UPI payments to safeguard funds.

Since its launch, UPI has significantly increased the use of digital payments in India, driving a cashless society. It has simplified the payment process, fostered financial inclusion and economic growth, and had a profound impact on the Indian economy. More and more merchants and consumers are adopting UPI payments, fuelling the growth of e-commerce and the digital economy. With ongoing upgrades and feature expansions, UPI is expected to continue to lead innovation in the Indian payments market.

Paytm is India's largest mobile payments and e-commerce platform and the fourth largest e-wallet in the world. Powered by Alibaba's payment technology and partnering with over 180 banks and international card organisations such as VISA and MasterCard, Paytm has 450 million verified users and offers services ranging from e-commerce to online payments.

Paytm's services are not just limited to e-commerce and online payments, but also include mobile recharges, shopping, utility bill payments, metro card recharges, motorway toll payments, app shop recharges, credit and financial services and ticket bookings. Users can enjoy a convenient payment experience for a variety of everyday activities, both online and offline.

Paytm has become a regular partner of financial institutions in the e-payments space, collaborating with leading companies across industries. These collaborations have not only expanded Paytm's market reach but also enhanced its position in the payments ecosystem.Paytm continues to expand its network of partners and participate in government-backed digital payments and financial inclusion programmes.

Cashfree is a digital payment gateway startup based in Bangalore. Since its inception, the company has closed $5.5 million in Series A funding and has partnered with 12,000 businesses.

Cashfree offers a wide range of payment solutions including vendor payments, payroll payments, bulk refunds, expense reimbursement, loyalty and rewards services. Its core products include easy-to-integrate payment gateways, instant refund support, market segmentation payment solutions, bank account verification APIs, and virtual account auto-collection solutions.

Cashfree's customers include Xiaomi, Tencent, Delhivery, Zomato, Dunzo, Cred, Club Factory, ExxonMobil, as well as donation platforms such as Ketto and Milaap. these collaborations not only demonstrate Cashfree's market acceptance, but also reflect the payment solution's wide range of applications.

Razorpay is a Bangalore-based online payment solutions provider. The company has closed a $75 million Series C funding round led by Ribbit Capital and Sequoia Capital India.

Razorpay is dedicated to providing online payment services to SMEs and startups. It supports multiple payment methods, including digital wallets, credit/debit cards and net banking, enabling real-time receipt and verification of online payment information.

Razorpay's investors include Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator, and its Series B funding round led by Tiger Global Management demonstrates its strong market appeal and growth potential.

The Indian payments market is vibrant and innovative, with platforms like Paytm, Cashfree and Razorpay continuing to drive the popularity and growth of digital payments.Paytm is leading the way in digital payments with its wide range of services and solid partnerships; Cashfree has won a wide range of business customers with its diverse range of payment solutions; Razorpay focuses on the payment needs of SMEs and has attracted significant investment. These platforms will continue to lead the development of the digital payments market in India, driving broader financial inclusion and economic growth.

We have USDT acceptance teams in Mumbai, Delhi, Kolkata, Bangalore and Chennai to ensure the safety of funds. We have certain audit requirements for first class USDT acceptance.

The audit requirements include a technical audit of the domain names of the Category 1 and Category 2 acceptance teams. Only after an audit can we integrate with their channels. If we find that any merchant is engaged in fraudulent activity, we will freeze their entire balance.

⚠️ Merchants planning to place hedged bets must notify us at least 10 days in advance in order to prepare for hedged bets. If ⚠️ fails to notify us and proceeds directly to hedge betting, resulting in a loss in our channel, we will freeze the merchant's entire balance.

In the Indian stock market region, for Type II acceptance teams, we also have a localised team to handle these funds. Please contact us for any of your requirements.