Current Affairs - Business - Discussion

Razorpay partnered with NPCI BHIM Services Ltd and Axis Bank to introduce the Turbo UPI plugin on the BHIM Vega platform. This innovative solution is designed to streamline the in-app payment experience by allowing users to complete UPI transactions without leaving the application. By eliminating the need to switch to external UPI apps, the plugin significantly improves the user experience, enhances transaction success rates, and reduces friction during the payment process. Additionally, it offers seamless onboarding for partner businesses, making it a strategic move in advancing India's digital payment infrastructure and fostering greater adoption of UPI-based services.