Razorpay — Banking Connect

Razorpay and NPCI Bharat BillPay Limited (NBBL) launched Banking Connect, a mobile-first NetBanking solution.

Features

• Unified multi-bank integration
• QR-based payments
• Intent-driven payments
• Single integration layer
• Settlement and reconciliation
• Refund and payment routing

Banks mentioned

• SBI
• HDFC Bank
• ICICI Bank
• Federal Bank
• AU Small Finance Bank
• YES Bank

UPSC

GS-III: FinTech + digital payments + financial inclusion.