Yes Bank Partners with Juspay to Launch HyperUPI

Current Context: Bank and Juspay’s partnership to launch HyperUPI, a plug-in service that enables in-app UPI payments for merchant apps. HyperUPI is a plug-in Software Development Toolkit (SDK) developed by the National Payments Corporation of India (NPCI) that empowers in-app Unified Payments Interface (UPI) payments for merchant apps.

• With HyperUPI, merchants can now offer customers a hassle-free one-click UPI experience without having to depend on another app to make UPI transactions.
• HyperUPI differs from the standard UPI as it integrates directly into merchant apps, allowing for a more streamlined payment process with features like Mandates (recurring payments) and Third-party Validation (TPV), etc.
• HyperUPI aims to simplify and speed up the payment experience and leads to a remarkable four-fold improvement in transaction speed and a success rate of over 90%.
• Yes Bank has utilised this plug-in SDK infrastructure to develop the Payment Service Provider (PSP) app ‘YES PAY NEXT‘, which offers comprehensive UPI services, including person-to-person payments and pull payments, seamlessly.

Question:

Q.1 What is the name of the plug-in SDK developed by NPCI that enables in-app UPI payments for merchant apps?
a. HyperPay
b. HyperCash
c. HyperUPI
d. HyperPaytm