Current Affairs - Finance - Discussion

Razorpay, a leading player in the fintech space, launched the Turbo UPI plugin on April 9, 2025, in collaboration with NPCI BHIM Services Limited and Axis Bank. Built on the advanced BHIM Vega platform, this plugin is designed to revolutionize digital transactions by allowing users to complete UPI payments directly within an app, eliminating the need for redirection to third-party apps. This innovation enhances user experience by reducing payment failures, improving speed and reliability, and boosting transaction success through smart routing. For businesses, it means fewer drop-offs, improved customer satisfaction, and smoother checkout processes — marking a significant leap in India’s digital payment infrastructure.