Business expenses
made seamless like your
personal UPI spends
Seamlessly issue, manage & track your Business expenses with CotoPay's UPI Vouchers powered by NPCI's e-RUPI!
Meet the all-in-one
Business expense management solution on UPI
UPI Vouchers powered by NPCI's eRUPI & CotoPay help a business in managing their business expenses on UPI
UPI = Convenience, right?
We trust UPI for personal spends. Why not for business expenses? Because business needs control and now, UPI gives you that too.
Yes, now with CotoPay, you can actually lock the purpose for which you want the spend to be done and all of this
while using the existing UPI apps & QR codes!
Can it be Locked?
Lock spends at a Category level
Lock spends at a Brand level
Lock spends at a Merchant outlet level
All this using the existing UPI ecosystem!
Employee makes transaction using existing UPI apps
Merchant accepts payment at the existing QR Code
Issuance & Redemption of UPI Vouchers
Step 1: Business
Business admin uses CotoPay’s Platform to add employees/users instantly and issue them UPI Vouchers for their expense management
Step 2: Employee/User
All UPI Vouchers issued to an employee/user are automatically added to their UPI App (Google Pay) in the UPI Voucher section
Step 3: Employee/User
User scans an existing merchant QR code to make payment using their UPI Vouchers. Payment from UPI Vouchers can be done at offline and online merchants
Step 4: Employee/User
Basis Merchant eligibility, payment is done from the relevant UPI Voucher like a regular UPI transaction. Payment method is not your personal bank account but the UPI Voucher issued by the business
Solutions for Different Industries
Making your business expenses more smarter and traceable with UPI Vouchers
Business Expense Management
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Administer expenses & allowances for all employees
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End-to-end solution to manage spends across categories
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Digital Reconciliation and convenience at your fingertips
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Fleet Expense Management
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Control Fuel spends, prevent thefts & pilferage
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End-to-end solution to manage your Fleet spends
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Services around Insurance, Challan, Pollution for Vehicles
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Solutions for Different Industries
Making your business spends across categories more targeted & intelligent with UPI
Corporate Expense Management
Business spends solution for Consulting & White-collared companies
View More
Why CotoPay?
A seamless expense management solution for your business to shift from existing Prepaid cards & Digital wallets to UPI Vouchers
Benefits for Business
Seamless Control over Issuance
Set-up Budgets and Parameters to issue vouchers across Employee Bands and Categories
Full Control over Money
Money never leaves a Company’s Bank Account till the transaction is done by the employee using UPI Voucher
Reduction in Bill Frauds & Admin Tasks
No Paper-work or burden associated with Admin task of issuing vouchers and verifying spends
Automatic Digital Reconciliation
Minimize money leakages by having an automated reconciliation and get UPI data of all transactions done on your dashboard
Benefits for User
Convenient Form Factor
UPI is the preferred payment method and there is no need to carry a new physical/digital card or pay through a new app
Seamless Onboarding without KYC
No KYC is needed for each beneficiary as onboarding is made seamless through the existing UPI apps only
Higher Redemption Touchpoints
Leveraging the biggest payment network, users make payments on existing merchant QR codes, POS Machines, Online platforms
Manage Reimbursements seamlessly
Users can pay using UPI vouchers issued by their company without worrying about the hassles of reimbursement process
Shift your Business Expenses on UPI
About Us
CotoPay is an end-to-end business expense management solution on UPI that is here to make your business expenses as seamless as your personal UPI spends!
Who we are
UPI has become the de-facto form of payment for all of us so why are businesses not able to use UPI for all of their business payments as well? CotoPay is committed to delivering a reinvigorated approach to how business expenses are done and get these spends on UPI.
No matter the industry or size of your business, we want to help you and your users move away from cash/prepaid cards/digital wallets to UPI Vouchers for your business expense management.
What we do
At CotoPay, we enable businesses to onboard any of their users instantly to issue them purpose-specific UPI Vouchers to help manage their business expenses.We leverage the existing UPI ecosystem, making payments smarter, controlled, and easier to manage for businesses and their users.
Be it petty cash management, travel expenses, fuel expenses, meal expenses or allowances for employee benefits, these UPI Vouchers can be seamlessly redeemed through existing UPI apps, making adoption effortless for end users. We provide businesses with greater visibility into how funds are spent, complete transparency and traceability of transactions, and simplified reconciliation of spends.
The objective is to help businesses get better control over their funds, achieve operational efficiency in spend management and instant digital reconciliation across all of their users and expenses.
Founding Team
Industry-relevant experiences across Payments, Consumer, Tech & Scale
From the Founding &
Former teams of
Key Features of Our Platform
CotoPay is built on e-RUPI payment solution launched by National Payments Corporation of India (NPCI)
Instant Voucher Issuance
Issue purpose-specific UPI Vouchers instantly to employee mobile numbers with no onboarding, documentation, or KYC required.
Smart Spend Controls
Restrict voucher usage by category, merchant brand, or specific merchant locations for better control over business spends.
Voucher Validity & Revocation Management
Define voucher validity periods, usage conditions, and instantly revoke vouchers whenever required.
Automated Digital Reconciliation
Track every transaction digitally with complete spend visibility, audit trails, and simplified reconciliation.
Enterprise-Grade Security Framework
Protect transactions and business operations through secure access controls, encrypted data flows, and layered security measures.
Role-Based Access Control
Enable secure, permission-based access across web and app interfaces for admins, approvers, finance teams, and business users.
Our Banking & Solution Partners
Category of Vouchers
CotoPay's UPI Vouchers powered by e-RUPI can be locked at multiple categories!
Fuel
Service & Maintenance
General Spends
Meal & Food
Travel
Stay
Telecom
Health & Wellness
+ 20 more categories
FAQs
For any other questions, please feel free to Contact Us to transform how your Business expenses are done.
UPI Vouchers are prepaid, purpose-specific digital vouchers that can be issued to users and redeemed directly via their existing UPI apps such as Google Pay, BOB ePay, or BHIM App without needing a card or wallet.CotoPay has launched UPI Vouchers for businesses to manage their business expenses on UPI.
Many expense management solutions already exist but all of them are running on either the Cards ecosystem or using Digital Wallets.
CotoPay is a seamless plug-and-play expense solution running on UPI via UPI Vouchers.
Since UPI is the mode of payment all of us are using for our personal spends, why should it be any different for our business spends!
CotoPay’s Expense Management solution can be implemented across all types of industries and company sizes,
irrespective of your business size or location! We are solving for any type of targeted business expenses starting with Fuel for Logistics & Transport Industries,
Corporate Reimbursements and Expenses for any kind of Corporate/HRMS player and Loyalty for Consumer Goods industry!
Once an organisation gets onboarded as a client on the CotoPay dashboard, no KYC is needed for every employee.
Our UPI-enabled vouchers are issued to every employee’s mobile number from the company's dashboard and UPI vouchers show up on every employee’s existing UPI apps within e-RUPI section.
This makes the onboarding process absolutely seamless for an employee to start doing their business spends on UPI!
No, you do not need to download a new app to start making payments through us.
CotoPay’s UPI-enabled vouchers get issued to each employee’s mobile number which is already linked to their existing UPI apps already! This makes it easier for an employee to use their existing BHIM or GPay app to make these payments without downloading another app!
Each beneficiary will get a notification that their company has issued vouchers to them. Once enabled, vouchers issued through CotoPay will automatically pop-up right below your Bank Account when you scan a relevant merchant's QR code.
All you need to do is select the voucher and enter your Pin to complete the payment, just like you do for a UPI spend!
No, a merchant need not be onboarded with CotoPay to accept payments which makes sure the merchant network is not limited for you to make your payments.
With CotoPay’s UPI-enabled vouchers, employees can make payments on any of the existing official business QR codes already installed at all merchant outlets.
For the merchants, it is a direct debit transaction being done so nothing changes for them!
If you are a fleet owner, automobile dealership or have fuel-specific expenses for your drivers or employees, you can issue fuel-specific UPI Vouchers that are redeemable only at fuel and gas stations, eliminating misuse and cash handling.
CotoPay offers a completely digital and automated reconciliation mechanism for all of its clients in which there is real-time visibility on all spends done across the company. There is visibility on all UPI vouchers issued, and every transaction is automatically tracked and reflected on the CotoPay app and dashboard, making reconciliation seamless and secure.
Unused/Expired/Revoked vouchers automatically get refunded to the client’s current bank account so the business maintains control over usage of funds at all times and there is never a loss to the company. CotoPay offers a smarter and traceable expense management solution in which no funds are ever lost.
Yes, CotoPay is a plug and play solution, which can be made compatible with any major HR solution provider or any individual company’s dashboard.
The integration can be easily done in a few days without having to spend extra on a new software and without replacing your existing solution being used!
Yes, we can provide our UPI-enabled vouchers to any company, irrespective of their size or industry, to implement Flexi-benefit and Reward & Recognition solutions.
Be it for Food Allowances, Fuel, LTA, Telecom or Health & Wellness spends, we have got you covered. Be it 5 employees or 5000, we will provide you with the best benefits your employees truly deserve!
CotoPay is working along with National Payments Corporation of India (NPCI) and multiple Indian Banks to provide these solutions to companies and their employees.
NPCI and RBI have opened mandate for these e-RUPI vouchers to be issued by the private sector and we are complying with all the necessary guidelines and regulations for the same!
Pricing details can be discussed once we have given a demo and explained the benefits and use cases to your concerned company stakeholders.
Please get in touch with our business team at business@CotoPay.in or reach out to us via WhatsApp below and we would want to solve your problem at a cost convenient for you.
Since you are our early supporter, CotoPay would like to support you as well!
e-RUPI is a digital payment solution launched by the Government of India in August 2021 to facilitate cashless and contactless transactions for a locked purpose.
Developed by the National Payments Corporation of India (NPCI), e-RUPI is a QR code or SMS string-based electronic voucher that is sent directly to the beneficiary’s mobile phone.
It is a prepaid, purpose-specific voucher that can only be used for designated services such as fuel, meal, or travel, ensuring that funds are utilized exactly as intended.
The system does not require the beneficiary to have a bank account, digital payment app, or internet access, making it especially useful for those with limited access to financial infrastructure.
The vouchers are linked to the recipient’s identity and mobile number, ensuring a secure and leak-proof transfer of funds.
UPI Vouchers have an advantage over prepaid expense cards in terms of ease of issuance, better control over usage, acceptability at merchants and safety of funds.
- Ease of Issuance: Users can be instantly onboarded on CotoPay without any additional KYC verification which is needed in expense cards.
- Better control over usage: CotoPay offers a business control of funds in which usage can be restricted and locked at categories such as Fuel, Meal or even at specific merchants.
- Higher Acceptability at Merchants: UPI Vouchers are acceptable at all merchants even if they do not have a POS machine with no additional charges or MDR fees involved.
- Safety of Funds: A business never transfers or loads money in CotoPay’s wallet or employees’ personal account, which ensures safety of funds.
UPI Vouchers have an advantage over UPI Wallets in terms of ease of issuance, better control over usage and safety of funds.
- Ease of Issuance: Users can be instantly onboarded on CotoPay without any additional KYC verification which is needed in expense cards.
- Better control over usage: CotoPay offers a business control of funds in which usage can be restricted and locked at categories such as Fuel, Meal or even at specific merchants.
- Defined Time Validity: UPI Vouchers can be issued for a specific time period post which the balance amount automatically expires and gets refunded to the Company’s Current Bank Account.
- Safety of Funds: A business never transfers or loads money in CotoPay’s wallet which ensures safety of funds.
Central Bank Digital Currency (CBDC/Digital Rupee/eRupee/e₹) is India’s official, purpose-based digital currency issued by the RBI that functions exactly like physical cash but controlled by the central bank and not individual banks.
It has the same value and legal status as physical cash but exists in a digital wallet instead of your physical wallet. Consumers can use it to pay individuals or merchants, while businesses can accept it as payment through supported CBDC or interoperable UPI QR codes.
Let’s get in touch!
Something interested you? Want to discuss anything?
CotoPay is here to help!
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