Paytm and Razorpay, two Indian fintech majors, have launched UPI SDK and Turbo UPI respectively, to speed up Unified Payments Interface (UPI) payments and reduce potential payment failures. Turbo UPI is expected to increase the success rate of UPI payments for businesses by 10% and is already being piloted by apps such as Tata StarQuik, Ixigo, and Dhan.

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