Payment and Settlement Systems Act, 2007
The law under which the Reserve Bank of India regulates and supervises payment systems in India. Operating a payment system requires RBI authorisation under this Act.
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Pay & Move Money · Vendor PaymentsPay your suppliers on time, with a record of every payment.
Save each vendor once, pay by bank transfer or UPI — one at a time or in a batch — and see every vendor payment from initiated to completed.
- Vendors saved once
- Bank or UPI
- Single or batch
- A record of every payment
In short
Vendor payments on Paynancial are made with Payouts: you save each supplier as a beneficiary with their bank account or UPI ID, pay them individually or in a batch from the dashboard or API, and track every payment to completion in your payout report.
Overview
What vendor payments mean on Paynancial.
Supplier payments are regular, often due in batches, and every one needs a trail: who was paid, how much, when, and whether it arrived. Missing that trail is how a vendor ends up paid twice — or not at all.
Paynancial handles vendor payments through Payouts. Vendors are saved beneficiaries, so their details are entered once and reused. Each payment has its own status and appears in your payout report, which is the trail your accounts team reconciles against.
How it works
Step by step.
- 01Add the vendor
Save the supplier's bank account or UPI ID as a beneficiary.
- 02Decide what to pay
Your accounts process decides which invoices are due; Paynancial pays them.
- 03Pay
Send a single payout, or pay several vendors in one batch.
- 04Track
Follow each payment from initiated to completed.
- 05Record
Use the payout report to match payments against your vendor invoices.
Capabilities
What you can do.
- Supplier beneficiaries
- Save vendor bank and UPI details once and reuse them for every payment.
- One vendor or many
- Pay a single supplier, or a batch of suppliers in one action.
- Status for every payment
- See whether each vendor payment is initiated, completed or failed.
- Clear failure reasons
- If a transfer fails, you know why and can correct and retry it.
- From your own systems
- Trigger vendor payouts from your ERP or accounts software through the API.
- An audit trail
- Every payout is tied to the API key or user session that made it.
Where it lives
Across the Paynancial platform.
Vendor Payments is not a separate system — it runs through the products and tools you already use.
| Where | What it does for vendor payments |
|---|---|
| Payouts | The product behind every vendor payment. See Payouts. |
| Bulk Payouts | Pay many vendors in one action. See Bulk Payouts. |
| Payment Analytics | Payout reports to reconcile against invoices. See Payment Analytics. |
Compliance in India
The RBI and NPCI rules around vendor payments in India.
A plain-language guide to the frameworks that apply. It is general information, not legal advice, and not a statement of Paynancial's own licences or authorisations.
Immediate Payment Service (IMPS)
NPCI's round-the-clock instant interbank transfer service, to a bank account or mobile number.
National Automated Clearing House (NACH)
NPCI's system for high-volume, repetitive bank transfers — bulk credits such as salaries and dividends, and debits against mandates such as loan instalments.
UPI procedural guidelines and circulars
NPCI operates UPI and sets its rules for member banks, UPI apps and other participants through procedural guidelines and circulars, including transaction limits, dispute handling and security requirements.
Turn Around Time (TAT) for failed transactions
Sets the time within which failed digital transactions — for example, a customer debited without the merchant being credited — must be reversed or resolved across authorised payment systems such as UPI, cards and IMPS, and the compensation due to the customer when that time is missed.
UPI Online Dispute Resolution (UDIR)
NPCI's mechanism for customers to raise and track UPI complaints — such as a payment debited but not credited — from within their UPI app.
Regulators update these rules by circular, so always check the current text at the source: Reserve Bank of India · NPCI. For Paynancial's own security and compliance posture, see the Trust Center.
Good practice
Getting it right.
- 01Keep invoices and payouts linked
Record each payout ID against the vendor invoice it pays, in your own accounts system.
- 02Verify new vendor details
Confirm a new supplier's bank or UPI details through a separate channel before the first payment.
- 03Limit who can pay
If automated jobs or agents pay vendors, give them a beneficiary allow-list and limits. See AI Governance.
FAQ
Vendor Payments questions.
How do I pay suppliers with Paynancial?
Save each supplier as a beneficiary with their bank account or UPI ID, then pay them individually or in a batch with Payouts, from the dashboard or the API.
Can I pay many vendors at once?
Yes. Payouts supports bulk payouts, so you can pay a batch of vendors in one action and track each payment individually.
How do I know a vendor was paid?
Each payout is tracked from initiated to completed, and completed payouts appear in your payout report.
Can I link payments to vendor invoices?
Keep the payout ID against the invoice in your own accounts system, and use the payout report to reconcile.
Talk to us about vendor payments.
Tell us how your business takes and moves money, and we will show you how it fits.