Razorpay Launches Turbo UPI on BHIM Vega to Power Seamless In-App Transactions
In a major stride toward streamlining digital payments, fintech leader Razorpay has launched its Turbo UPI plugin on the BHIM Vega platform, in collaboration with NPCI BHIM Services Ltd (NBSL) and Axis Bank. The innovation is designed to make UPI payments faster, smoother, and more reliable by eliminating redirection to third-party apps.
This integration allows businesses to accept UPI payments within their app environment, significantly reducing transaction drop-offs and enhancing the user experience. Customers no longer need to switch to external UPI apps, thus making the payment process more intuitive, secure, and efficient.
Enhanced Reliability with Optimized Routing
Built on the robust infrastructure of BHIM Vega, Razorpay Turbo UPI benefits from smart routing technology, which ensures that payments can still go through if one banking partner fails. This redundancy model dramatically improves transaction success rates, offering businesses better uptime and reliability.
Leadership Insights
Harshil Mathur, Co-Founder and CEO of Razorpay, hailed the partnership as a game-changing moment for India’s digital ecosystem. He emphasized that Turbo UPI addresses long-standing issues like redirection delays and failed payments, while offering a frictionless onboarding experience for end-users.
Lalitha Nataraj, MD & CEO of NPCI BHIM Services Ltd, praised the collaboration as a major milestone in increasing UPI adoption across the country. She reiterated BHIM’s mission to make digital payments inclusive, especially at the last mile.
A Game-Changer for Digital Commerce
By integrating Turbo UPI with BHIM Vega, Razorpay is setting a new benchmark for in-app UPI transactions. The plugin is expected to minimize transaction failures, increase success rates, and provide a reliable checkout experience, making it a powerful tool for businesses aiming to scale digitally.
This innovation not only aligns with Razorpay’s goal of driving payment innovation but also bolsters India’s journey toward a cashless economy.
