Key Points:
- Razorpay has officially launched Turbo UPI in India.
- It is 5x faster than Regular UPI.
- You can able to make payment using Turbo UPI without getting redirected to a third-party UPI app during checkout.
Razorpay is one of the very popular payment gateway service providers in India and today the company has launched Turbo UPI. It is said to be the faster than regular UPI. The application has teamed up with the National Payments Corporation of India (NPCI) and Axis Bank and the same is said to be the fastest India’s payment solution with a 5X faster payment experience than regular UPI.
The company has said that the new Turbo UPI is a 1-step payment experience and the same will enable you to make payment without the need for redirection to a third-party UPI app during the checkout. It will enable you to make UPI payments directly by entering UPI PIN.
It is primarily meant for merchants and the same is said to boost the payment success rate by 10%. The platform will enable merchants to access granular insights into the end-users drop-off pattern and full control over the customer’s payment experience.
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