Juspay, India's leading payments company, has partnered with Yes Bank to launch HyperUPI, NPCI's plug-in SDK that enables in-app UPI payments in merchant apps.
Banking & Finance
Indian private sector bank Yes Bank has partnered with Bengaluru-based fintech startup Juspay to launch HyperUPI, a plug-in service developed by the National Payments Corporation of India (NPCI) that empowers in-app UPI payments for merchant apps. With this, The merchants can now offer customers a hassle-free one-click UPI experience using Android and iOS-based smartphones without switching to an external UPI-based app. Unlike the traditional UPI payment method, which requires several steps and redirects to external UPI apps, potentially causing customers to abandon the transaction midway, HyperUPI simplifies the process to a one-click transaction within the merchant’s app, improving the speed and success rate of transactions to over 90%.
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