Cashfree Payments launches one-step UPI payment solution for businesses

Cashfree Payments on Thursday announced the launch of UPI Plug-in, which enables mobile-first businesses to collect UPI payments from customers without needing them to exit the application.

This solution has been created in partnership with NPCI and Axis Bank, ensuring complete security and compliance, said the company in an exchange filing.

Cashfree Payments’ UPI Plug-in simplifies the UPI payment process by increasing conversion rates, reducing customer drop-offs and improving customer experience. The customer only needs to provide their 4 or 6-digit UPI PIN after clicking ‘Pay Now’ to complete the transaction, the company said