Razorpay Turbo UPI essentially cuts the process of making UPI payments to just one step from five steps. Users will no longer be redirected to another page to complete the payment.
Razorpay Turbo UPI will let users make payments to online merchants directly and remove the process of redirecting to a third-party UPI app. This quick process is said to help increase the success rate of UPI payments by 10 percent. In addition to this, Turbo UPI gives merchants control over the payment experience by showing them insights of the end-users drop-off pattern.
Razorpay has collaborated with popular brands to enable Turbo UPI on their platforms. Some of the first merchants for Turbo UPI include Tata Starquik, Ixigo, FNP (Ferns N Petals), Trainman, and Dhan. So merchants will have to enable Turbo UPI to get the quick payment system.
Razorpay Turbo UPI is similar to Paytm UPI SDK that launched just last week. This feature too lets users make UPI payments directly without getting redirected to another page during checkout. Similar to Razorpay Turbo UPI, Paytm UPI SDK also lets you complete the payment by simply entering the UPI PIN from the merchant's app itself.