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Turbo UPI Plugin: Razorpay, NBSL and Axis Bank on BHIM Vega

10 April 20251 min read
BANKING & FINANCETurbo UPI Plugin:Razorpay, NBSLand Axis Bank onBHIM Vega10 April 2025safalsetu.com

Why in the news

Razorpay introduced a plugin keeping customers inside the merchant’s app during UPI payment, to cut drop-offs.

Key facts

  • Partners: Razorpay, NPCI BHIM Services Limited (NBSL), Axis Bank; platform: BHIM Vega.
  • No redirection, so fewer cart abandonments.
  • Faster, more reliable payments through optimised routing.

Significance

  • Promotes UPI adoption and the cashless India vision.
  • Suits e-commerce and app-first services with high volumes.

Exam angle

  • Plugin: Turbo UPI; infrastructure: BHIM Vega.

Test yourself

1. Turbo UPI plugin was launched by Razorpay with Axis Bank and which other entity?

Collaborators were Razorpay, NBSL and Axis Bank.

2. On which platform does the Turbo UPI plugin run?

The plugin is built on the BHIM Vega platform.

3. What main problem does the Turbo UPI plugin remove for app-based merchants?

It removes redirection-related friction, reducing drop-offs.

This topic is part of Daily Current Affairs 10 April 2025 (24 topics).

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