back Back

Juspay rolls out HyperUPI with Yes Bank for merchant platforms

By Gloria Mathias

September 15, 2023

  • 1-click UPI experiences
  • Fintech news
  • Fintech news today
Share

JUSPAY, YES Bank, Gullak, NPCI, HyperUPI, UPI Payments, Payments Platform, Merchant Payments, Merchant PlatformsJuspay, an India-based payments company, has partnered with Yes Bank to launch HyperUPI, NPCI’s plug-in SDK that enables in-app UPI payments in merchant apps.

Merchants can offer simple “1-click UPI experiences” in their Android and iOS apps without having to become an official UPI app. Customers will no longer need to depend on another app to make UPI transactions as these payments can now be made on the merchant’s app. This plugin SDK is built on cloud UPI systems, supporting UPI payments for leading UPI merchant and consumer applications.

Traditional UPI payments in merchant apps involve multiple clicks, creating several points for customers to abandon the payment process. However, the UPI Plug-in SDK simplifies the payment experience to just a single click. HyperUPI is a differentiated offering in the market due to its ability to support advanced features like mandates (recurring payments), Third-party validation (TPV), etc. Moreover, it offers merchants a no-code platform, empowering them to create a fully customized user interface that seamlessly blends with their App’s theme and branding.

“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.

“We are thrilled to introduce HyperUPI in collaboration with Yes Bank and NPCI, as Indian customers and businesses rapidly embrace UPI as their preferred mode of digital payments,” said Sheetal Lalwani, Chief Operating Officer, Juspay.

Gullak, a FinTech app, has become the first merchant to deploy Juspay’s UPI plugin SDK, HyperUPI. This will eliminate the need for Gullak customers to access another UPI payments app when checking out, allowing them to pay right within the Gullak app itself.

Previous Article

September 15, 2023

Visa & NEOPAY team to launch flexible payment solution in the UAE

Read More
Next Article

September 15, 2023

6 FinTech tweets you should see!

Read More






IBSi Daily News Analysis

June 21, 2024

1-click UPI experiences

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

June 21, 2024

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023