MUMBAI, India, Oct. 26 -- Intellectual Property India has published a patent application (202621084400 A) filed by National Payments Corporation Of India on July 09, 2026, for A Method And System For Real-Time Merchant-Agnostic Issuer-Driven Emi Conversion Over Upi.
Inventors include Adarsh Kumar Rathore; and Sourabh Tomar.
The application for the patent was published on October 23, 2026, under issue no. 43/2026.
Abstract: ABSTRACT A METHOD AND SYSTEM FOR REAL-TIME MERCHANT-AGNOSTIC ISSUER-DRIVEN EMI CONVERSION OVER UPI A method and system for real-time, merchant-agnostic, issuer-driven equated-monthly-instalment conversion over a Unified Payments Interface are described. In one example, a payment- service-provider application initiates a check request and a select request over the Unified Payments Interface; an issuer instalment engine computes a set of instalment offers each associated with a dynamic offer identifier bound to the transaction and resolves a merchant from a payee address; an interoperable payment switch correlates the check request, a financial payment request, and the select request across pre-transaction, during-transaction, post-transaction, and foreclosure lifecycles by an original transaction identifier; in the during-transaction lifecycle a single user authentication captured once authorises both the payment and the conversion; and a foreclosure module computes and settles a foreclosure amount in real time, the conversion being available at any merchant without aggregator onboarding. FIG. 1
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