Justpay Partners with Yes Bank To Unveil HyperUPI By CIOTechOutlook Team

Justpay Partners with Yes Bank To Unveil HyperUPI

CIOTechOutlook Team | Thursday, 14 September 2023, 02:50 IST

Juspay, India's largest payments firm, has collaborated with Yes Bank to introduce HyperUPI, the NPCI plug-in SDK that enables in-app UPI payments in merchant apps. Without becoming an approved UPI app, merchants can now offer easy "1-click UPI experiences" via their Android and iOS apps. Customers will no longer need to rely on another app to complete UPI transactions because these payments may now be completed on the merchant's app. This plugin SDK is based on one of the most reputable cloud UPI systems in the country, and it supports UPI payments for top UPI merchant and consumer applications.

Traditional UPI payments in merchant applications require many clicks, increasing the likelihood that customers may quit the payment process. The UPI Plug-in SDK, on the other hand, reduces the payment experience to a single click. This optimized method results in a four-fold increase in transaction speed and 90%+ success rates for retailers.

Because of its capacity to support advanced features such as mandates (recurring payments), third-party validation (TPV), and so on, HyperUPI stands apart in the market. Furthermore, it provides merchants with a no-code platform that allows them to develop a fully customizable user experience that merges in with the theme and branding of their App. HyperUPI may be readily incorporated into the merchant's apps using a variety of technical frameworks including as React-Native, Flutter, Cordova, and others.

“We are excited to partner with Juspay to bring the plug-in SDK to market. It stands as a testament to our collective prowess in UPI and digital payments. We aim to offer excellent payment success rates with round the clock availability to merchants and earn a reputation of being one of the finest UPI stacks in the ecosystem. We look forward to extending this solution to our merchants,” said Naveen Chaluvadi, Chief Digital Officer, YES bank.