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Yes Bank Partners with Juspay to Launch HyperUPI

Published on September 16, 2023
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.
Yes Bank Partners with Juspay to Launch HyperUPI
  • 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
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