Third Party Validation
Validate customer bank accounts at checkout using Pine Labs Online TPV APIs for SEBI-compliant payments in securities, broking, and mutual funds.
Verify that payments originate from registered bank accounts to comply with SEBI guidelines for BFSI transactions.
Third-Party Validation (TPV) is mandatory for businesses in the BFSI sector — Securities, Broking, and Mutual Funds. Pine Labs Online TPV integration validates that payments are made from bank accounts registered during investor onboarding, supporting UPI Collect, UPI Intent, and NetBanking flows.
Integration Steps - Custom Checkout | Integration Steps - Hosted Checkout
How it works
Key features
| Feature | Description |
|---|---|
| SEBI compliance | Ensures all payments originate from investor-registered accounts |
| UPI support | Works with both UPI Collect and UPI Intent flows |
| NetBanking support | TPV validation for NetBanking transactions with supported banks |
| Major bank coverage | 40+ banks for NetBanking and 600+ banks for UPI |
| Two integration paths | Custom API flow or Pine Labs checkout flow |
| Fraud prevention | Blocks unauthorized account usage at payment initiation |
Integration options
Custom Checkout flow
Build the validation logic into your existing payment UI using Pine Labs TPV APIs directly. Gives you full control over the user experience.
Hosted Checkout flow
Use Pine Labs hosted checkout with TPV enabled — validation happens automatically during the standard checkout process.
| Integration | Setup effort | UI control | Best for |
|---|---|---|---|
| Custom Checkout flow | Higher | Full control | Custom trading platforms |
| Hosted Checkout flow | Lower | Pine Labs hosted | Standard investment portals |
Use cases
Securities trading
A brokerage firm allows investors to buy and sell stocks through its online platform. SEBI regulations require that all investments come from registered bank accounts. Integrating Pine Labs TPV at checkout verifies the payment source, preventing unauthorized account usage.
Mutual fund investments
An Asset Management Company (AMC) enables investors to invest through their portal. All investments must originate from the registered bank account. Pine Labs TPV validates payments against registered account details, reducing fraud and ensuring investor protection.
FAQs
Is TPV mandatory for my business?
TPV is mandatory for BFSI businesses regulated by SEBI that handle securities, broking, and mutual fund transactions. Other businesses can optionally use TPV for added security.
Which payment methods support TPV?
TPV supports UPI Collect, UPI Intent, and NetBanking flows. Contact Pine Labs support for the latest list of supported payment methods.
What happens if validation fails?
The payment is rejected and your platform receives a validation failure response. Prompt the investor to use their registered bank account.