In today’s digital economy, businesses are rapidly shifting toward smarter, faster, and more transparent payment systems. One such innovation is CotoPay, a modern business expense management platform built on UPI and powered by e-RUPI vouchers. It helps organizations issue, track, and control business expenses with ease while maintaining full visibility and control over spending.
This blog provides complete information about CotoPay, its features, benefits, working process, and why businesses are adopting it.
What is CotoPay?
CotoPay is a business payments and expense management platform that allows companies to issue UPI vouchers powered by e-RUPI to employees, partners, or vendors. These vouchers can be used for targeted spending such as fuel, travel, food, corporate expenses, and more.
The goal of CotoPay is simply to make business expenses as seamless as personal UPI payments while giving organizations complete control and transparency over money usage.
Unlike traditional expense systems based on cards or wallets, CotoPay works directly through the existing UPI ecosystem, making it convenient and easy for both businesses and users.
How CotoPay Works
CotoPay uses e-RUPI digital vouchers that are issued by businesses and redeemed through regular UPI apps. The process is simple and efficient.
Step-by-Step Process
1. Voucher Issuance
The business manager uses the CotoPay dashboard to:
- Select spending category
- Enter voucher amount
- Set validity period
- Issue voucher to employee’s mobile number
2. Voucher Delivery
The issued vouchers automatically appear in the employee’s UPI app under the e-RUPI section.
3. Voucher Redemption
The employee scans a merchant’s QR code and uses the voucher to complete payment.
4. Smart Payment Selection
If the merchant is eligible, the correct voucher automatically appears during payment for quick use.
Key Features of CotoPay
CotoPay offers a powerful set of features designed for businesses of all sizes.
Role-Based Web Portal
Provides customized access for administrators, issuers, and analysts to manage expenses efficiently.
Seamless Voucher Issuance
Businesses can instantly issue vouchers by linking their bank account with the platform.
Voucher Locking Functionality
Spending can be locked at:
- Category level
- Brand level
- Merchant level
This ensures funds are used only for intended purposes.
Plug-and-Play API Integration
Easily integrates with existing company systems and HRMS platforms.
Advanced Security Framework
Provides two-layer security with encrypted data flow to protect transactions.
Benefits of CotoPay for Businesses
CotoPay delivers multiple advantages that improve financial control and reduce operational hassle.
Full Control Over Spending
Companies can set budgets, define spending categories, and monitor usage in real time.
Money Stays in Company Account
Funds are debited only when the voucher is used, reducing misuse and improving cash flow control.
Reduced Fraud and Admin Work
No paperwork, no manual verification, and minimal chances of expense fraud.
Automatic Digital Reconciliation
All transactions are tracked automatically, ensuring accurate records and reduced money leakage.
Benefits for Employees and Users
CotoPay also enhances the experience for employees and partners.
Easy to Use
No new app or card is required. Users can pay through their existing UPI apps.
No KYC Required
Employees can start using vouchers without individual KYC onboarding.
Wide Acceptance
Payments can be made at any merchant accepting UPI QR codes.
No Reimbursement Hassle
Employees don’t need to pay first and claim later — vouchers handle payments directly.
Industries Where CotoPay is Used
CotoPay works across industries and company sizes, making it a flexible solution.
Fleet Expense Management
- Controls fuel spending
- Prevents theft and misuse
- Manages vehicle-related expenses
Corporate Expense Management
- Manages employee allowances and reimbursements
- Tracks business spending across categories
- Enables digital reconciliation
Categories Supported by CotoPay
CotoPay allows voucher locking across multiple categories, including:
- Fuel
- Travel
- Food & Meals
- Service & Maintenance
- Telecom
- Health & Wellness
- Accommodation
- General Expenses
And many more categories for targeted spending control.
Why Businesses Choose CotoPay
CotoPay stands out from traditional expense solutions because:
- It runs entirely on UPI instead of cards or wallets
- Offers complete transparency and traceability
- Enables programmable and purpose-specific payments
- Works across all industries and company sizes
- Provides seamless onboarding and easy integration
What is e-RUPI?
e-RUPI is a digital, prepaid, purpose-specific voucher launched by the Government of India and developed by NPCI. It allows cashless and contactless payments and ensures that funds are used only for the intended purpose.
It is secure, does not require a bank account for the beneficiary, and enables direct benefit transfer without leakage.
About the Company
CotoPay aims to revolutionize business payments by combining UPI convenience with strong financial control. The platform focuses on simplifying business expense management while providing transparency and efficiency to organizations.
The founding team brings experience from payments, technology, and consumer industries, ensuring strong domain expertise and innovation.
Conclusion
CotoPay is transforming how businesses manage expenses by bringing them onto the UPI ecosystem. With smart voucher locking, seamless issuance, automated tracking, and wide acceptance, it eliminates traditional problems like fraud, paperwork, and reimbursement delays.
As businesses continue moving toward digital financial management, platforms like CotoPay are becoming essential tools for improving efficiency, transparency, and control.
If your organization wants smarter, faster, and more secure expense management, CotoPay offers a powerful and future-ready solution.
Frequently Asked Questions (FAQs)
1. What is an e-RUPI voucher in CotoPay?
An e-RUPI voucher is a prepaid, purpose-specific digital payment issued by a business through CotoPay. It can only be used for approved spending categories such as fuel, meals, or travel, ensuring controlled usage.
2. Do employees need to install a separate app to use CotoPay?
No. Employees can use their existing UPI apps to redeem vouchers. No additional app installation is required.
3. Is CotoPay secure for business transactions?
Yes. CotoPay uses a strong security framework with encrypted data flow and controlled voucher usage, ensuring safe and transparent transactions.
4. Can businesses control how vouchers are used?
Yes. Businesses can lock vouchers by category, brand, or merchant, ensuring funds are used only for the intended purpose.
5. When is money deducted from the company account?
Funds are debited only when the voucher is redeemed, not when it is issued. This helps businesses maintain better cash flow control.
