CryptoSe — Pay UPI with Crypto in India

By — Founder, CryptoSe · Cyber-Crime & Crypto Regulatory Lawyer (Dadu Legal Firm). Reviewed by the Dadu Fintech compliance team.

Published · Last updated

CryptoSe is India's FIU-aligned, non-custodial crypto-to-UPI payment gateway built by Dadu Fintech Private Limited (CIN U64990GJ2025PTC170447, Surat, Gujarat). Scan any UPI QR code and pay merchants with USDT, USDC, BTC, ETH, SOL, XRP or LTC straight from your own wallet — the merchant receives clean INR in their bank account in minutes (subject to banking partner availability).

CryptoSe app screenshot — scan a UPI QR code and pay with USDT, BTC, ETH or USDC from a non-custodial wallet, merchant receives INR promptly

How crypto-to-UPI works on CryptoSe

CryptoSe connects two systems that did not previously talk to each other: global stablecoin liquidity (USDT on Tron and Ethereum, USDC, plus native BTC, ETH, SOL, XRP and LTC) and India's UPI rails operated by NPCI. You open the CryptoSe app, scan any UPI QR — static, dynamic, Bharat QR, merchant P2M, or a payee VPA like shop@oksbi — pick the asset you want to spend, sign the on-chain transfer from your own wallet (MetaMask, Trust Wallet, Phantom, Rabby, Ledger), and CryptoSe converts the asset to INR through an PMLA-aligned settlement partner and pushes the rupees to the merchant via UPI. The merchant sees a normal UPI credit. No special integration, no merchant onboarding, no plugin.

Because CryptoSe is non-custodial, your private keys never leave your device. We never hold customer crypto. Settlement runs on regulated banking rails with 1% TDS auto-deducted at source under Section 194S, and Schedule VDA-ready statements are issued for every trade — so your accounting and tax filing under Section 115BBH stay clean.

Compliance and regulatory posture

CryptoSe operates under the PMLA framework applicable to Virtual Digital Asset Service Providers in India, as notified by the Financial Intelligence Unit — India (FIU-IND). That means mandatory KYC before the first transaction, real-time transaction monitoring, STR and CTR filings, record retention, and a named principal officer responsible for reporting. We do not run an exchange, a token, a lending product, or a yield product — CryptoSe runs exactly one rail: crypto in, INR out, fully reported.

VDA taxation in India is governed by Section 115BBH of the Income-tax Act, 1961 (flat 30% tax on VDA gains) and Section 194S (1% TDS at source). UPI rails are operated by NPCI under the Reserve Bank of India payment-systems mandate, and intermediary obligations follow the Ministry of Electronics and Information Technology (MeitY) IT Rules 2021.

Frequently asked questions

Is it legal to pay UPI with crypto in India?

Yes. Indian law does not ban holding, trading, or spending crypto. CryptoSe operates under the PMLA framework for Virtual Digital Asset Service Providers notified by FIU-IND, deducts 1% TDS under Section 194S, and issues Schedule-VDA-ready statements so users can file gains correctly under Section 115BBH. The merchant receives clean INR via UPI — exactly like a normal bank transfer.

How long does a crypto-to-UPI payment take?

A typical CryptoSe payment confirms in 1–3 minutes end-to-end: under 30 seconds for on-chain confirmation on USDT (Tron) or USDC, real-time INR conversion at the live mid-market rate, and a UPI credit to the merchant within seconds of settlement — subject to banking-partner availability and network congestion.

Which crypto assets does CryptoSe support?

CryptoSe supports USDT (Tron and Ethereum), USDC, BTC, ETH, SOL, XRP and LTC at launch. You pay from your own non-custodial wallet (MetaMask, Trust Wallet, Phantom, Rabby, Ledger). Private keys never leave your device — CryptoSe never custodies user crypto.

What fees does CryptoSe charge?

CryptoSe charges a flat conversion spread disclosed before you confirm each payment. The 1% TDS under Section 194S is deducted at source and reported to the Income Tax Department. Early-access waitlist members get lifetime discounted fees at launch. There are no monthly fees, no merchant onboarding fees, and no withdrawal fees.

Who built CryptoSe?

CryptoSe is built by Dadu Fintech Private Limited (CIN U64990GJ2025PTC170447), a Surat, Gujarat company founded by — a practising advocate with 18+ years in cyber-crime and crypto regulatory law and recipient of the Sardar Patel Unity Award 2025.

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