UPI QR code generators are now necessities for merchants, freelancers, and even individuals who seek to make online transactions easy. UPI QR code makers enable merchants, shopkeepers, service providers, and even content providers to create a QR code attached to their UPI accounts to be used in making instant, fast payments. As there is growing adoption of UPI-based transactions in India, small and medium enterprises as well as large corporations need reliable QR code generators to carry out cashless transactions.
The following best UPI QR code generators were chosen which had features of ease of usage, security, support for hosting multiple payment gateways, monitoring of transactions in real-time, and support for business software. For individuals, online shops, and offline shops, these utilities reduce errors and speed up the payments, enhancing the customer experience. This list of the top 15 UPI QR code generators presents the best tools that enable individuals and businesses to receive and process UPI payments quickly and efficiently.
Benefits of Using UPI QR Code Generators for Digital Payments
- Real-time Transactions: The payment is instant, with lesser waiting time for both businesses and consumers.
- Ease: Customers pay by merely scanning a QR code without the hassle of manually filling in bank details or UPI IDs.
- Low Cost: No POS machine or card reader charge; businesses can settle payments through just a printed or mobile QR code.
- Improved Security: The transactions are encrypted and authenticated, minimizing the risk of fraud.
- Cashless & Contactless: Facilitates a cashless economy by providing seamless contactless transactions easily, which is hygienic when it comes to cleanliness.
- Broad Accessibility: Can be used with various UPI-enabled apps such as Google Pay, PhonePe, Paytm, and bank apps.
- Better Record-Keeping: Transactions are automatically recorded on bank apps, making accounting and financial record-keeping easier.
- Improved Business Efficiency: Improves collection of payments by service providers, freelancers, and merchants and helps to better manage cash flows.
- Scalability: Applies to businesses of all sizes, from small street vendors to large companies.
- No Extra Charges: Unlike card transactions, UPI QR code transactions do not usually have transaction charges, hence more economical.
List of 15 UPI QR Code Generators
1. BharatQR
Launched: 2017
BharatQR is another shared QR code payment system in India, which was developed by the National Payments Corporation of India (NPCI) along with Mastercard and Visa. It was rolled out in February 2017 and supports frictionless transactions over various payment networks, allowing users to transfer money directly to merchants’ accounts by scanning a QR code.
BharatQR is interoperable across several card networks, including RuPay, Mastercard, Visa, and American Express, and works across numerous banks. It aims to reduce reliance on physical card swipes by enabling digital payments via QR codes, thereby promoting a less cash economy.
Key Features:
- Supports all major card networks (Visa, Mastercard, Rupay).
- No need for a POS machine.
- Instant payments directly to bank accounts.
- Secure and RBI-approved.
Pros:
- No need for a physical card.
- Accepted by multiple banks and merchants.
Cons:
- Requires smartphone and internet connectivity.
- Limited international acceptance.
Who Should Use It?
- Small and medium businesses (SMBs).
- Retailers and merchants looking for a unified QR code system.
2. Paytm for Business
Launched: 2017
Paytm for Business is an interface where merchants can create UPI QR codes to accept payments and directly receive money in their bank accounts. It was introduced in 2017 and offers merchants tools to track transactions, view settlements and analytics.
Instant payments via UPI are enabled by the platform, making the ease of doing business available to small and big companies as well. Merchants can avail themselves of loans and other services as well via the platform.
Key Features:
- Instant UPI QR code generation.
- Direct settlement to bank accounts.
- Accepts payments from multiple UPI apps.
- Business dashboard for tracking transactions.
Pros:
- Easy to set up and use.
- Instant settlement to linked bank accounts.
Cons:
- Requires KYC verification for full benefits.
- Transaction fees may apply for certain services.
Who Should Use It?
- Local shops and retailers.
- E-commerce businesses and service providers.
3. PhonePe for Business
Launched: 2016
PhonePe for Business enables businesses to create UPI QR codes to receive payments in a simple way. PhonePe, which began operations in 2016, has grown rapidly, offering merchants simple onboarding, real-time transaction status, and same-day settlement. It offers support for multiple modes of payments like UPI, credit/debit cards, and wallets, making the customers more flexible. Promotional tools and analytics also help the merchants to grow their business.
Key Features:
- Quick QR code setup for merchants.
- Supports multiple payment modes, including UPI and wallets.
- Instant settlement with detailed transaction reports.
- Integration with e-commerce platforms.
Pros:
- No additional charges for UPI transactions.
- Fast settlement process.
Cons:
- Limited support for international payments.
- Requires business verification for full access.
Who Should Use It?
- Small business owners and local vendors.
- Online service providers and freelancers.
4. Google Pay for Business
Launched: 2018
Google Pay for Business is an internet payment facility through which businesses can receive payments using UPI QR codes. It was launched in 2018 and enables businesses to register, generate distinct QR codes, and receive payments directly into their bank accounts. The system provides safe transactions, instant settlement, and real-time tracking of transactions. Google Pay for Business also offers accounting software integration, promotion tools, and cashback rewards to attract customers. With Google’s large ecosystem, businesses can enhance their visibility as well as customer engagement, making it a first choice for small retailers, traders, and online sellers.
Key Features:
- Instant QR code creation for businesses.
- Direct bank account transfers via UPI.
- No transaction fees for standard UPI payments.
- Easy integration with Google services.
Pros:
- Secure and widely trusted platform.
- Free UPI transactions for businesses.
Cons:
- Requires a verified business account.
- Limited advanced business tools compared to other providers.
Who Should Use It?
- Small businesses and street vendors.
- Service providers accepting digital payments.
5. BHIM App
Launched: 2016
The BHIM App (Bharat Interface for Money) is a UPI-enabled digital payment solution built by NPCI and launched in December 2016. The app enables users to connect their bank accounts, make payments, and receive payments, and create UPI QR codes to make transactions simple. The app supports several Indian languages to be more accessible to the masses.
BHIM enables secure transactions through fingerprint verification and transaction limits. It also offers immediate transfer of funds through mobile numbers or UPI IDs. The application was at the forefront of India’s digital payments revolution and made it simple for individuals and small businesses to adopt UPI.
Key Features:
- Instant QR code generation for personal and business use.
- Direct transactions to linked bank accounts.
- No transaction fees for UPI payments.
- Secure payments with PIN authentication.
Pros:
- Official UPI app backed by NPCI.
- Simple and easy to use for individuals and businesses.
Cons:
- Limited features compared to private payment apps.
- No additional business analytics tools.
Who Should Use It?
- Small business owners and shopkeepers.
- Individuals receiving payments via UPI.
6. MobiKwik for Business
Launched: 2009
MobiKwik Business is a payment solutions platform that allows merchants to receive UPI payments via QR codes. Established in 2009, MobiKwik started off as a digital wallet before adding UPI-based payments later. Companies can create branded QR codes, accept payments directly in their bank accounts, and monitor transactions in real-time.
It also has instant settlement, merchant loans, and POS system integration. MobiKwik also offers cashback and loyalty programs to increase customer interaction. It is broadly accepted by small and medium businesses (SMEs), retail outlets, and service providers looking for a hassle-free digital payment system.
Key Features:
- Quick UPI QR code generation.
- Supports multiple payment modes.
- Instant settlements to linked bank accounts.
- Business dashboard for transaction tracking.
Pros:
- Fast and easy payment processing.
- Supports both UPI and wallet payments.
Cons:
- Requires KYC for full business features.
- Transaction fees may apply for certain services.
Who Should Use It?
- Retailers and online merchants.
- Local businesses looking for wallet payment support.
7. Amazon Pay for Business
Launched: 2017
Amazon Pay for Business is a payment facility offered online, launched in 2017, through which merchants can generate UPI QR codes and receive payments into their bank accounts. As it is part of the huge Amazon ecosystem, it allows frictionless checkout for customers. Merchants get instant settlement, transaction statements, and sales promotion features.
Cashback offers are also offered by Amazon Pay to push customers and make interactions better. With its reliability and ease of use, this site is ideally suited for e-commerce merchants, retail outlets, and service companies looking for a trustworthy online payment system.
Key Features:
- QR code-based UPI payment acceptance.
- Direct settlements to bank accounts.
- Integration with Amazon’s payment ecosystem.
- Business dashboard with transaction insights.
Pros:
- Trusted platform with a large user base.
- Seamless integration with Amazon services.
Cons:
- Requires a business account setup.
- Limited to merchants selling via Amazon or its partners.
Who Should Use It?
- E-commerce sellers and online businesses.
- Local stores looking to expand payment options.
8. Razorpay
Launched: 2014
Razorpay is a top payment gateway that was established in 2014 and provides UPI QR code generation among its digital payment options. It provides various payment methods, such as UPI, debit/credit cards, net banking, and wallets. It allows dynamic QR code creation so that businesses can make instant and secure transactions.
Razorpay offers real-time payment tracking, automatic settlements, and accounting software integration. Some other features offered by Razorpay include payment links, subscriptions, and marketplace solutions. With its developer-friendly API and effortless integration possibilities, Razorpay is perfect for startups, e-commerce companies, and businesses seeking a one-stop payment processing solution.
Key Features:
- Generates static and dynamic UPI QR codes.
- Supports multiple payment methods, including UPI and cards.
- Real-time transaction tracking and analytics.
- Seamless API integration for businesses.
Pros:
- Suitable for both online and offline businesses.
- Advanced security and fraud prevention tools.
Cons:
- Transaction fees apply for non-UPI payments.
- Requires a business account for setup.
Who Should Use It?
- Startups and online businesses.
- Retailers looking for a payment gateway solution.
9. Instamojo
Launched: 2012
Instamojo, which was established in 2012, is an online payment gateway that enables small business owners and entrepreneurs to collect payments online, including UPI QR codes. The platform supports the instant generation of QR codes, where businesses can receive payments without a website or application.
The platform supports instant settlements, transaction tracking, and integration with online stores. Instamojo also has other comforts like credit facilities, logistics assistance, and marketing resources that facilitate the growth of businesses. It is easy to use and its low setup fee makes it best suited for freelancers, small businesses, and solo vendors.
Key Features:
- Instant UPI QR code creation.
- Accepts payments via multiple UPI apps.
- Provides business insights and analytics.
- Supports online stores and invoicing.
Pros:
- Easy to use for freelancers and small businesses.
- No need for complex integrations.
Cons:
- Transaction fees apply beyond UPI payments.
- Limited advanced financial tools.
Who Should Use It?
- Freelancers, small businesses, and online sellers.
- Entrepreneurs looking for an easy payment solution.
10. Freecharge for Business
Launched: 2010
Freecharge for Business is an online payment gateway established in 2010 that allows merchants to generate UPI QR codes for simple payment collection. A mobile recharge company first, Freecharge expanded into UPI payments, wallets, and merchant solutions.
It supports instant settlements, real-time transaction tracking, and POS integration. The platform also offers engagement features like cashback offers and discounts. Freecharge suits small businesses, restaurants, and service providers for an easy and fast digital payment option.
Key Features:
- Instant UPI QR code setup.
- Supports multiple UPI payment apps.
- Direct bank settlements.
- Simple business dashboard for tracking transactions.
Pros:
- Quick setup for businesses.
- No extra charges for UPI payments.
Cons:
- Limited advanced features.
- Requires business verification for full benefits.
Who Should Use It?
- Local vendors and shopkeepers.
- Small businesses looking for a simple UPI payment solution.
11. HDFC Bank SmartHub
Launched: 2015
HDFC Bank SmartHub is an end-to-end merchant payment solution introduced in 2015, which allows businesses to create UPI QR codes and receive payments from different digital channels. It provides instant settlement, detailed reporting of transactions, and connectivity with billing software.
Merchants also receive value-added services like business loans and insurance. SmartHub has various payment modes like UPI, cards, and net banking and is thus a suitable option for retail stores, service providers, and corporate merchants seeking a trustworthy payment gateway.
Key Features:
- Generates dynamic and static UPI QR codes.
- Accepts multiple payment modes, including UPI, cards, and wallets.
- Instant settlements to HDFC bank accounts.
- Business dashboard for transaction tracking.
Pros:
- Trusted banking partner with secure transactions.
- Supports both online and offline businesses.
Cons:
- Requires an HDFC business account.
- Charges may apply for additional features.
Who Should Use It?
- Businesses with an HDFC Bank account.
- Retailers and service providers seeking a complete payment solution.
12. ICICI Bank Eazypay
Launched: 2016
ICICI Bank’s Eazypay is a pioneering mobile app that enables merchants, retailers, and professionals to easily accept immediate cashless payments through multiple digital channels like UPI, credit/debit cards, and Internet banking.
Eazypay was launched in December 2016 and has the benefit of instant activation, live transaction tracking, and hassle-free integration with existing billing systems. It also provides business merchants with the facility of creating UPI QR codes, facilitating fast and safe collections of payments into their bank accounts.
Key Features:
- UPI QR code generation for merchants.
- Direct bank settlements with real-time tracking.
- Multiple payment options, including net banking and wallets.
- API integration for businesses.
Pros:
- Secure transactions with a leading bank.
- Supports multiple payment modes.
Cons:
- Requires an ICICI Bank account for full functionality.
- Charges may apply for additional features.
Who Should Use It?
- Businesses with an ICICI Bank account.
- Merchants looking for a multi-payment option solution.
13. Axis Bank Bharat QR
Launched: 2017
Axis Bank’s Bharat QR is an electronic payment product that enables merchants to accept payments by generating Bharat QR-compliant QR codes. Released in 2017, this facility facilitates customers to make payments using their smartphone by scanning the QR code of the merchant and removing the requirement for physical swipes of the card.
The payment can be done from several card networks, namely Visa, Mastercard, and RuPay, with the option of an uninterrupted and safe experience of making a transaction.
Key Features:
- Generates UPI QR codes for businesses.
- Supports Visa, Mastercard, and Rupay payments.
- Instant settlements to Axis Bank accounts.
- Secure transactions with NPCI compliance.
Pros:
- No need for a POS machine.
- Supports both UPI and card-based payments.
Cons:
- Requires an Axis Bank business account.
- Limited integration with international payment systems.
Who Should Use It?
- Businesses with an Axis Bank account.
- Merchants looking for both UPI and card payment options.
14. Yes Bank BHIM YES PAY
Launched: 2017
Yes Bank’s BHIM YES PAY is a single payment platform that allows customers to send money, pay bills, recharge mobile or DTH accounts, and purchase coupons through UPI and a digital wallet.
Introduced in 2017, it also supports customers with a Virtual Card in making online payments and purchases and payments to offline and online merchants through Bharat QR and UPI. Merchants are able to create UPI QR codes to allow easy and safe payment collection, augmenting the digital payment environment.
Key Features:
- Quick UPI QR code setup for businesses.
- Accepts payments via multiple UPI apps.
- Direct settlements to linked bank accounts.
- Secure transactions with NPCI backing.
Pros:
- Easy setup and no transaction fees for UPI.
- Backed by a leading private bank.
Cons:
- Requires a Yes Bank account for settlements.
- Limited additional business tools.
Who Should Use It?
- Businesses with a Yes Bank account.
- Small and medium enterprises looking for secure UPI payments.
15. Kotak Mahindra Bank KayMall
Launched: 2017
Kotak Mahindra Bank’s Bharat QR Solutions make digital payments easier for merchants through easy, secure, and low-cost transactions with QR codes. Introduced in 2017, the service makes it easy for merchants to create personalized QR codes, which allow customers to make instant payments.
It promotes interoperability among different payment networks, such as Visa, Mastercard, and RuPay, making the transaction experience smooth for merchants and customers alike.
Key Features:
- UPI QR code generation for merchants.
- Direct bank settlements with real-time tracking.
- Multiple payment options, including UPI and cards.
- Secure and NPCI-compliant transactions.
Pros:
- Fast and seamless UPI payments.
- Trusted banking partner for businesses.
Cons:
- Requires a Kotak Mahindra Bank account.
- Limited support for international payments.
Who Should Use It?
- Businesses with a Kotak Mahindra Bank account.
- Local merchants and e-commerce sellers
Choosing the Ideal UPI QR Code Generator for Your Business
Selecting the best UPI QR code generator depends on the availability of various factors best suited to your business needs.
- Easy to Use: Opt for an interface that maintains a simple and easy process of creating QR codes that is easy and quick to use without the need to be an expert.
- Multi-App Compatibility: Select a QR code that is compatible with the majority of UPI apps like Google Pay, PhonePe, Paytm, and bank apps.
- Security Features: Select tools with fraud controls and encryption to enable secure transactions.
- Instant Settlement: Real-time or same-day settlement is available in some generators, which is a must for businesses that need instant cash flow.
- Branding Options: Request company logo-branded QR codes to increase company and customer brand awareness.
- Tracking Transactions: Find products with reporting, transaction history, and analytics functions for simple financial processing.
- Business Program Integration: As a customer of an accountancy or billing application, choose a generator that is included with your software.
- Scalability: The platform must be scalable since you are a small seller or large corporation with a high transaction volume.
- Customer Support: 24×7 customer support must be provided in case of payment problems for quick assistance.
- Fees & Charges: Compare the fees as there is a feature to pay extra facilities like instant settlement or data analysis fees.
From such a review of these parameters, businesses can choose a UPI QR code generator that provides maximum efficiency, security, and end-user experience.
Conclusion
UPI QR code generators have revolutionized mobile payments to render them seamless, secure, and instant. As an individual seller, a freelancer, or a large business, you can enhance your payment process with the right platform. For businesses seeking reliability and wide acceptance, BharatQR, Google Pay for Business, and Paytm for Business are good choices. Razorpay and Instamojo offer richer features like monitoring transactions and interconnecting with business applications.
BHIM App and PhonePe for Business are optimal for individuals searching for a fundamental and low-cost service. Amazon Pay for Business for freelancers and NGOs will be beneficial for immediate payments and donations. Using an appropriate UPI QR code generator that is appropriate for the needs of your business, you can improve efficiency, security, and customer satisfaction in digital payments.
FAQs
1. What is a UPI QR code generator?
A UPI QR code generator is a utility that generates a special QR code associated with a UPI ID or bank account, facilitating instant digital payments.
2. Are UPI QR code generators free to use?
Most of the platforms such as BHIM, Google Pay for Business, and Paytm for Business provide free QR code creation, and some payment gateways may charge extra for value-added features.
3. Is it possible to use one UPI QR code for multiple payment apps?
Yes, UPI QR codes created using apps such as BharatQR and NPCI-connected apps are interoperable across different UPI payment apps such as Google Pay, PhonePe, and Paytm.
4. Are UPI QR code payments secure?
UPI payments are encrypted and authenticated through UPI PIN, and hence they are secure. However, users need to refrain from sharing QR codes from unfamiliar sources.
5. Are transactions performed through UPI QR codes traceable by businesses?
Yes, transaction tracking, analytics, and real-time settlement facilities are offered by most UPI QR code generators, enabling businesses to track payments effectively.
