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    IAS Amit Agrawal given one year extension, to remain CEO of UIDAI till Nov 2024

    IAS Amit Agrawal given one year extension, to remain CEO of UIDAI till Nov 2024

    IRS Anirudh Saran Singh

    Leveraging e-Governance to counter Geographical challenges for last mile service delivery, explained by IRS Anirudh Saran Singh, Secretary, Department of IT, Govt of Arunachal Pradesh

    Delhi government launches mobile app to address school related concerns

    Delhi government launches mobile app to address school related concerns

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    IFS officer Muktesh Kumar Pardeshi

    IFS officer Muktesh Kumar Pardeshi Appointed Secretary (CPV & OIA), MEA

    ‘Swachhata He Seva’ Campaign activities reviewed by Pankaj Kumar, Secretary, Department of Water Resources, RD&GR, Ministry of Jal Shakti

    Union Jal Shakti Ministry Secretary Pankaj Kumar reviews ‘Swacchata He Seva’ campaign

    Uttar Pradesh achieves 100% ‘Open Defecation Free’ across 95,767 villages under Swachh Bharat Mission

    Uttar Pradesh achieves 100% ‘Open Defecation Free’ across 95,767 villages under Swachh Bharat Mission

    Prakasam District Collectorate building gets ISO 9001 certificate, First in Andhra Pradesh

    Prakasam District Collectorate building gets ISO 9001 certificate, First in Andhra Pradesh

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    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccines gets WHO’s nod for global rollout

    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccine gets WHO nod for global rollout

    Health Ministry directs states, UTs to implement dengue prevention protocols

    Health Ministry directs states, UTs to implement dengue prevention protocols

    IIIT-Delhi partners with IIT-Delhi to launch medical cobotics centre

    IIIT-Delhi partners with IIT-Delhi to launch medical cobotics centre

    Health Ministry launches PRIP scheme for pharma and medical devices sector

    Health Ministry launches PRIP scheme for pharma and medical devices sector

    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Can AI become the real panacea for Indian healthcare?

    Can AI become the real panacea for Indian healthcare?

    PLI scheme for Pharma, drones and textiles to be modified by govt

    PLI scheme for Pharma, drones and textiles to be modified by govt

    NABH partners NATHEALTH to enhance patient safety

    NABH partners NATHEALTH to enhance patient safety

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    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccines gets WHO’s nod for global rollout

    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccine gets WHO nod for global rollout

    ‘Winter Action Plan’ revealed by Delhi CM Arvind Kejriwal, will help combat air pollution

    ‘Winter Action Plan’ revealed by Delhi CM Arvind Kejriwal, will help combat air pollution

    Infinity Learn by Sri Chaitanya adopts Flexible Classroom for digital outreach

    Infinity Learn by Sri Chaitanya adopts Flexible Classroom for digital outreach

    Leveraging Tech for Skilling, Union Education Ministry & IBM Sign MoUs

    Leveraging Tech for Skilling, Union Education Ministry & IBM Sign MoUs

    MP government partners Magic Bus to bring life skills programme to government schools

    MP government partners Magic Bus to bring life skills programme to government schools

    Cash-Strapped Edtech Giant BYJU’S Announces Major Workforce Restructuring, 4,000 employees to be laid off

    Cash-Strapped Edtech Giant BYJU’S Announces Major Workforce Restructuring, 4,000 employees to be laid off

    Punjab students invest Rs 68,000 cr annually in Canadian education

    Punjab students invest Rs 68,000 cr annually in Canadian education

    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

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    UPI records a whopping 10 billion transactions for the second consecutive month in September

    UPI records a whopping 10 billion transactions for the second consecutive month in September

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    India determined to attain Net Zero by 2070, says Union Minister Dr Jitendra Singh

    India determined to attain Net Zero by 2070, says Union Minister Dr Jitendra Singh

    ONDC to open platform for fintech services

    ONDC to open platform for fintech services

    3 state-owned banks fined by RBI, including SBI, Indian Bank

    3 state-owned banks fined by RBI, including SBI, Indian Bank

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    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    The RBI initiates an inventive program aimed at transforming credit accessibility for MSMEs

    The RBI initiates an inventive program aimed at transforming credit accessibility for MSMEs

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    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

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    UPI records a whopping 10 billion transactions for the second consecutive month in September

    UPI records a whopping 10 billion transactions for the second consecutive month in September

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    Can Generative AI Drive India Better on its Roads?

    Can Generative AI Drive India Better on its Roads?

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    Delhi government launches mobile app to address school related concerns

    Delhi government launches mobile app to address school related concerns

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    Ensuring Periodical Efficiency Test of Emergency Alert Broadcasting, DoT and NDMA join hands

    Ensuring Periodical Efficiency Test of Emergency Alert Broadcasting, DoT and NDMA join hands

    HP, Google join hands to manufacture Chromebook in India

    HP, Google join hands to manufacture Chromebook in India

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    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    AWS selects 35 generative AI startups for ML Elevate 2023 cohort

    AWS selects 35 generative AI startups for ML Elevate 2023 cohort

    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    National e-commerce policy in final stages, no new draft to be issued

    National e-commerce policy in final stages, no new draft to be issued

    Karnataka plans for a research foundation to conduct R&D in startups

    Karnataka plans for a research foundation to conduct R&D in startups

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    IAS Amit Agrawal given one year extension, to remain CEO of UIDAI till Nov 2024

    IAS Amit Agrawal given one year extension, to remain CEO of UIDAI till Nov 2024

    IRS Anirudh Saran Singh

    Leveraging e-Governance to counter Geographical challenges for last mile service delivery, explained by IRS Anirudh Saran Singh, Secretary, Department of IT, Govt of Arunachal Pradesh

    Delhi government launches mobile app to address school related concerns

    Delhi government launches mobile app to address school related concerns

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    IFS officer Muktesh Kumar Pardeshi

    IFS officer Muktesh Kumar Pardeshi Appointed Secretary (CPV & OIA), MEA

    ‘Swachhata He Seva’ Campaign activities reviewed by Pankaj Kumar, Secretary, Department of Water Resources, RD&GR, Ministry of Jal Shakti

    Union Jal Shakti Ministry Secretary Pankaj Kumar reviews ‘Swacchata He Seva’ campaign

    Uttar Pradesh achieves 100% ‘Open Defecation Free’ across 95,767 villages under Swachh Bharat Mission

    Uttar Pradesh achieves 100% ‘Open Defecation Free’ across 95,767 villages under Swachh Bharat Mission

    Prakasam District Collectorate building gets ISO 9001 certificate, First in Andhra Pradesh

    Prakasam District Collectorate building gets ISO 9001 certificate, First in Andhra Pradesh

  • Healthcare
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    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccines gets WHO’s nod for global rollout

    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccine gets WHO nod for global rollout

    Health Ministry directs states, UTs to implement dengue prevention protocols

    Health Ministry directs states, UTs to implement dengue prevention protocols

    IIIT-Delhi partners with IIT-Delhi to launch medical cobotics centre

    IIIT-Delhi partners with IIT-Delhi to launch medical cobotics centre

    Health Ministry launches PRIP scheme for pharma and medical devices sector

    Health Ministry launches PRIP scheme for pharma and medical devices sector

    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Can AI become the real panacea for Indian healthcare?

    Can AI become the real panacea for Indian healthcare?

    PLI scheme for Pharma, drones and textiles to be modified by govt

    PLI scheme for Pharma, drones and textiles to be modified by govt

    NABH partners NATHEALTH to enhance patient safety

    NABH partners NATHEALTH to enhance patient safety

  • Education
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    • Edtech
    • Higher Education
    • News
    • School (K12 Education)
    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccines gets WHO’s nod for global rollout

    Combating Malaria, Serum Institute of India and Oxford Uni’s Malaria vaccine gets WHO nod for global rollout

    ‘Winter Action Plan’ revealed by Delhi CM Arvind Kejriwal, will help combat air pollution

    ‘Winter Action Plan’ revealed by Delhi CM Arvind Kejriwal, will help combat air pollution

    Infinity Learn by Sri Chaitanya adopts Flexible Classroom for digital outreach

    Infinity Learn by Sri Chaitanya adopts Flexible Classroom for digital outreach

    Leveraging Tech for Skilling, Union Education Ministry & IBM Sign MoUs

    Leveraging Tech for Skilling, Union Education Ministry & IBM Sign MoUs

    MP government partners Magic Bus to bring life skills programme to government schools

    MP government partners Magic Bus to bring life skills programme to government schools

    Cash-Strapped Edtech Giant BYJU’S Announces Major Workforce Restructuring, 4,000 employees to be laid off

    Cash-Strapped Edtech Giant BYJU’S Announces Major Workforce Restructuring, 4,000 employees to be laid off

    Punjab students invest Rs 68,000 cr annually in Canadian education

    Punjab students invest Rs 68,000 cr annually in Canadian education

    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

  • BFSI
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    • Banking
    • Fintech/Financial Services
    • Insurance
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    UPI records a whopping 10 billion transactions for the second consecutive month in September

    UPI records a whopping 10 billion transactions for the second consecutive month in September

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    India determined to attain Net Zero by 2070, says Union Minister Dr Jitendra Singh

    India determined to attain Net Zero by 2070, says Union Minister Dr Jitendra Singh

    ONDC to open platform for fintech services

    ONDC to open platform for fintech services

    3 state-owned banks fined by RBI, including SBI, Indian Bank

    3 state-owned banks fined by RBI, including SBI, Indian Bank

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    The RBI initiates an inventive program aimed at transforming credit accessibility for MSMEs

    The RBI initiates an inventive program aimed at transforming credit accessibility for MSMEs

    Former SBI Chief, Rajnish Kumar, appointed chairman of MasterCard New Delhi

    Former SBI Chief, Rajnish Kumar, appointed chairman of MasterCard New Delhi

    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

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    UPI records a whopping 10 billion transactions for the second consecutive month in September

    UPI records a whopping 10 billion transactions for the second consecutive month in September

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    Can Generative AI Drive India Better on its Roads?

    Can Generative AI Drive India Better on its Roads?

    IRS Anirudh Saran Singh

    Leveraging e-Governance to counter Geographical challenges for last mile service delivery, explained by IRS Anirudh Saran Singh, Secretary, Department of IT, Govt of Arunachal Pradesh

    Delhi government launches mobile app to address school related concerns

    Delhi government launches mobile app to address school related concerns

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Government plans fine of up to Rs 500 crore for violations under Digital India Bill

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    Transforming public procurement via AI, Sandeep Verma IAS, Additional Chief Secretary, Govt of Rajasthan, breaks it down

    Ensuring Periodical Efficiency Test of Emergency Alert Broadcasting, DoT and NDMA join hands

    Ensuring Periodical Efficiency Test of Emergency Alert Broadcasting, DoT and NDMA join hands

    HP, Google join hands to manufacture Chromebook in India

    HP, Google join hands to manufacture Chromebook in India

  • Startups
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    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    24 Agri-Tech Start-ups recommended for Rs 20 crore support in ATMAN 2023 program

    AWS selects 35 generative AI startups for ML Elevate 2023 cohort

    AWS selects 35 generative AI startups for ML Elevate 2023 cohort

    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    National e-commerce policy in final stages, no new draft to be issued

    National e-commerce policy in final stages, no new draft to be issued

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    Karnataka plans for a research foundation to conduct R&D in startups

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Home BFSI Banking

Razorpay ties up with NPCI, Axis Bank to launch one-step UPI payment solution

June 1, 2023
in Banking, Fintech/Financial Services
Razorpay ties up with NPCI, Axis Bank to launch one-step UPI payment solution

Mumbai: Fintech unicorn Razorpay has partnered with NPCI and Axis Bank to launch a one-step UPI payment solution—Turbo UPI—to enable faster UPI payments and reduced failures.

The new feature claims to deliver a 5X faster payment experience besides streamlining the payment process. With this, the need to be redirected to a third-party UPI app during checkout would be eliminated, leading to an increase in the success rate of UPI payments by 10% for businesses, said the company. As opposed to the 5-step process of UPI flow, Turbo UPI will reduce the scope of non-technical errors that can lead to drop-offs, as the customer would not have to leave the merchant’s mobile app, said Razorpay.

“We we wanted to build a solution that not only made the end-users’ UPI payment experience fast and frictionless, but will also help businesses with a significant increase in success rate by 10% for UPI transactions, empowering businesses with higher revenue potential in the evolving digital landscape,” said Shashank Kumar, Co-founder and MD at Razorpay.

The new solution, which is still in pilot stage, would also offer insights into the end-users’ drop-off pattern and enable merchants to control the payment experience of customers. As of now, customers of popular apps, including Tata Starquik, Ixigo, FNP (Ferns N Petals), Trainman, and Dhan, will soon enable this product on their platforms.

The company expects hundreds of businesses to adopt the solution in the next few months.

“As a business, it is of utmost importance to delight our customers by providing them with the best and most seamless payment experience, and Turbo UPI has taken that up a notch. We are confident that this streamlined, frictionless, and time-saving payment solution will not only enhance our customers’ experience but also minimise drop-offs during the UPI payment journey,” said K Radhakrishnan, Co-founder, Tata Starquik.

Last week, Paytm launched UPI SDK to allow customers of online merchants to make UPI payments from within the app without getting redirected during checkout. This feature will allow customers to pay directly from their bank accounts by entering their UPI PIN without leaving the merchant app, the company had said.

Tags: Axis BankNPCIRazorpayUPI payment solution
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