New Delhi: One97 Communications Ltd (OCL), which owns leading payments and financial services company Paytm, on Thursday brought Paytm UPI Software Development Kit (SDK), a game-changing product that enables instant, one-step UPI, for its merchants. Enables payments that never fail. ,
With UPI Lite and now Paytm UPI SDK, the company is now offering its two-way ecosystem of fail-proof UPI payments to consumers and merchants.
An industry-first solution designed for apps, Paytm UPI SDK ensures fail-proof, superfast UPI payments directly from the merchant’s app.
“As a full-stack payment solutions provider, Paytm has been at the forefront of driving innovation in mobile payments. With the Paytm UPI SDK, we have enabled fail-proof, superfast payments that ensure merchants are informed about payment failures. I don’t need to worry.” Paytm Payment Services spokesperson said.
Being the lightest SDK in the market, it ensures that the merchant’s app size remains small for a better experience.
“Through our innovative payment solutions, we are empowering our existing merchant partners to grow their business,” said the spokesperson.
Being almost half the size of its competitors, the Paytm UPI SDK is the smallest in the industry, ensuring that the merchant app remains lightweight yet packed with all the powerful features of UPI.
Additionally, the Paytm UPI SDK provides easy, low-code integration with fully customizable UI themes and premium customer support.
With Paytm UPI SDK, payments are faster than ever without any external redirection, as users do not need to switch between merchant and payment apps to complete a transaction.
According to the company, “For merchants, this is an advantage as fewer steps to complete a UPI payment result in reduced transaction time and fewer or no payment failures.”
Powered by technology from Paytm Payments Bank, Paytm UPI SDK is distributed to existing online merchants by Paytm Payments Services Limited, a wholly owned subsidiary of OCL.
Paytm UPI SDK currently supports UPI linked bank accounts and RuPay credit card payments.
The company said it will soon support payments with UPI Lite to completely eliminate transaction failures for small value payments.