Third Party Validation(TPV)
Validate the payment from the authorized user effortlessly!
Overview
According to the guidelines established by the Securities and Exchange Board of India (SEBI), merchants handling investments must validate transactions and accept funds exclusively from authorized accounts.
The Banking, Financial Services, and Insurance (BFSI) sector, particularly those involved in securities, broking, and mutual funds, is increasingly susceptible to cybercrimes, asset misappropriation, identity theft, money laundering, and fraud. To mitigate these risks, it is essential that investors process funds only from registered bank accounts that have completed the Know Your Customer (KYC) process. This is where Third-Party Validation (TPV) becomes critical.
Third Party Validation is a process where a company uses an outside organization to review and confirm a customer's information and intentions to ensure accuracy. During the registration process, the customer share the Bank account details and complete the KYC. Merchant shares the registered bank during the recurring payments to verify the customer bank account and accept the payment only if the bank details matches.
Juspay TPV enables merchants to seamlessly incorporate TPV for both Netbanking and UPI transactions. By routing transactions through TPV-enabled gateways with optimal health, Juspay ensures compliance with SEBI’s mandatory guidelines on TPV payments, without requiring any changes to the existing integration.
Additionally, Juspay’s Emandate TPV solution facilitates both registration and recurring transactions effortlessly. For businesses dealing with deposits, savings, and similar activities, Juspay’s TPV mandate supports efficient management of recurring payments, such as insurance premiums, loan repayments, SIPs, bill payments, etc.
Payment Journey
TPV
TPV Emandate
Feature Details
Payment Methods supported: UPI, Net Banking
PA/PG Supported :
TPV: Billdesk, CAMSPay, Gocashfree, HDFC_UPI, PayU, Razorpay, Yes Biz
TPV Mandate: Billdesk, Gocashfree, HDFC_UPI, ICICI_UPI, RBL Bank, Yes Biz
Platforms Supported: Android, iOS, Web & mWeb
Supported Juspay Integrations :
Juspay HyperCheckout (Payment Page)
Juspay Express Checkout SDK (EC Headless SDK)
Juspay Express Checkout API
Merchants live: 5paisa, 12% Club, BharatPe, The Clearing Corporation of India Limited (ccilIndia), Nuvama, Moneyview, Upstox, AU Small Finance Bank
Features works well with: Retry, Quickpay, Outage, Payment Locking
Feature Benefits
Secured transactions during payment
Hassle-free solution for both merchants and users
Supports both Netbanking and UPI payment methods
Easily enable other gateways with minimal integration changes
Outsourcing verification mitigates fraud, chargebacks, and disputes, allowing businesses to focus on core operations
TPV boosts trust and loyalty among users