Highlights

• A comprehensive cashless payment solution for Udaipur Smart City, in partnership with the Udaipur Municipal Corporation (UMC)
• The objective of a cashless Udaipur Smart City is to use a single payment instrument for all city wide services
• All day-to-day utility and retail payments can now be made from a variety of payment options like QR, Card payments through POS, E-Commerce or mobile payments
• Over 700+ retail and government outlets in the Udaipur Smart City to accept payments through digitized models

YES BANK’s Solution

YES BANK has digitized payments for Government to Citizen (G2C) services as well as retail payments. The innovative solution allows citizens to make instant payments via Bharat QR or BHIM UPI QR and through a Digital Wallet, specially designed for citizens of Udaipur. Through the Bharat QR and BHIM UPI QR customer initiates payment transaction to the merchant using the QR code or UPI VPA (virtual payment address). The transaction is then authenticated by the user’s bank and the bank after deducting the funds pushes the request into the Network, the network identifies the acquirer and credits the funds in real time to the merchant.

Also, Udaipur Smart City Card to be issued soon to citizens will be used for making payments at 700 retail & government facilities at Udaipur along with provision of mobile wallet for cashless electronic transfer and for merchant payments. presenting not only speed of service and transparency but also facilitating integration of mobility of payment systems across the city with other services.

In order to make the city truly cashless, a mobile app for retail merchants that allows for payments to be made by the way of the registered mobile number of the resident has been launched. The app will operate in way that the merchants can now initiate a transaction for the card user through his mobile app and the transaction gets processed by the way of an OTP sent to the card user on his registered mobile number.

Impact of the Solution

Residents of Udaipur as well as tourists can now make day-to-day payments for grocery, utility payments, transport, fees, medical expenses and entertainment from a variety of payment options to choose from, such as Card payments through POS, E-Commerce or mobile payments through QR code and mobile number.The solution will help in bringing mobility to the fore front and also help Udaipur Smart City take a giant leap towards digitizing the payments within the city.