PPI Wallet–Based Merchant Payments in a Closed-Loop Network
What This Solution Enables
How It Works
Add Fund
Customers add funds using:Cards Netbanking UPI Fund transfer
Pay at Merchant
A transaction request can be initated via:Dynamic/static QR, Web checkout page, In-app intent, POS-triggered request
Payment Approval
The customer approves the payment through the co-branded wallet app.
Real-Time Authorization
EnKash validates:Sufficient balance in the wallet Wallet + merchant eligibility KYC status Risk checks Upon success, funds are instantly debited from the user wallet and credited to the merchant’s internal settlement account.
Settlement to Merchant
Merchants receive settlement as per agreed cycle (T+0 / T+1), along with:Detailed reconciliation files Transaction reports Refund and dispute controls
Why This Works for Your Network
| Capability | Partner Benefit |
|---|---|
| Closed-loop usage | Higher retention + predictable spend behaviour |
| Fast & seamless checkout | Better conversion, fewer drop-offs |
| In-app branded experience | Strengthens partner branding |
| Rule-based controls | Limit misuse, fraud, and out-of-network spends |
| Refunds & reversals | Full control over customer experience |
| Unified ledger & reporting | Accurate settlement and reduced operational effort |
Status Summary Table
| Status | Meaning |
|---|---|
| PENDING | Recon data not received from bank |
| APPROVED | Recon data received from bank & transaction matched |
| SETTLEMENT_IN_PROCESS | Payout/settlement is in progress |
| DISPUTED | Recon data received from bank & transaction mismatched |
| SETTLED | Payout to merchant completed |
| PENDING_WITH_BANK | Refund is not yet successful / awaiting bank confirmation |
| REFUND | Refund completed for this transaction |
| ON_HOLD | Settlement is on hold (compliance/risk/verification checks) |
Modified at 2025-11-18 20:04:54