UPI payment failed: 2-minute instant refunds via this app, new feature rolled out
The solution by Razorpay POS will provide instant refunds for failed UPI transactions within two minutes, as against the industry benchmark of 5-6 business days, said the company.
Byas Nambisan National Payments Corporation Of India Lone Pine Capital Alkeon Capital Tiger Global Sequoia Capital India
Source: dnaindia.com