Fintech firm Razorpay, in collaboration with NPCI BHIM Services Ltd (NBSL) and Axis Bank, has launched the Turbo UPI Plugin on the BHIM Vega platform. The initiative aims to revolutionise digital payments by enabling in-app UPI payments without redirection to third-party apps.
Key Highlights
Turbo UPI Plugin Launch:
- Razorpay, Axis Bank, and NPCI BHIM Services Ltd (NBSL) have partnered to launch Turbo UPI, a plugin solution integrated with BHIM Vega.
In-App UPI Payments:
- The Turbo UPI plugin allows end-customers to complete UPI transactions within the app itself—without being redirected to external apps.
- Ensures a high-speed, seamless, and frictionless payment experience.
Business Impact:
- Reduces payment drop-offs caused by redirections.
- Improves transaction success rates.
- Enhances user onboarding and reliability of digital payments.
Redirection-Free Technology:
- Removes one of the biggest bottlenecks in UPI: the need to switch apps to complete payments.
- Now, businesses can accept UPI payments directly in-app, improving the customer journey and efficiency.
About BHIM Vega Platform
| Feature | Details |
| Developed by | NPCI BHIM Services Ltd (NBSL) |
| Purpose | Power future-ready, embedded UPI experiences |
| Focus | Speed, reliability, and frictionless UPI integration |
| Supports | In-app UPI payments using Turbo UPI plugins |
Significance of Partnership
| Aspect | Impact |
| Public-Private Collaboration | Razorpay + Axis Bank + NPCI = enhanced innovation in digital finance |
| Reliability | Multiple banking partnerships ensure uptime and resilience |
| Frictionless UX | Removes payment friction, especially in high-volume digital businesses |
| Financial Inclusion | Promotes seamless digital payment options for a wider consumer base |