Reliance Securities, a comprehensive digital platform, offers easy access to a wide range of investment options like mutual funds, stocks, loans, insurance, PMS, corporate FDs, and bonds. The platform helps users make informed decisions and invest seamlessly across multiple asset classes.
But making investments easy was only half the job. Reliance Securities needed to ensure that payments for these investments were just as convenient. With a large number of users preferring UPI for transactions under ₹1 lakh, they sought a reliable payment partner. That’s where Razorpay stepped in.
By integrating Razorpay’s UPI stack, Reliance Securities made payments faster and more secure. In August 2024 alone, INR 8.67 crores worth of revenue was processed via UPI, with Razorpay handling 100% of UPI payments seamlessly.
The Challenge at hand? Managing High-Volume Investments via UPI
Reliance Securities faced a critical challenge: ensuring that investors could make payments for their investment plans without disruption. Furthermore, with the launch of their new mobile app, Reliance Securities wanted to ensure that the payment experience matched the ease and convenience the app offered. Since UPI was popular for mobile payments, providing a seamless payment experience was vital. To tackle this, Reliance Securities partnered with Razorpay to integrate their UPI stack.
Seamless Integration and Reliable Support
The integration of Razorpay’s UPI stack for Reliance Securities was seamless and efficient. The process was smooth, with no hiccups, enabling users to begin their investment journeys in no time. With Razorpay’s dedicated support, the experience remained hassle-free, and payments continued to run seamlessly. The Razorpay team was proactive in addressing any questions or concerns quickly, ensuring the app operated flawlessly without interruptions.
The Benefits of Razorpay UPI
Razorpay UPI played a crucial role in managing Reliance Securities’s app payment traffic, ensuring that high volumes of transactions were handled seamlessly. It offered a streamlined customer journey and robust support from multiple bank terminals for UPI payments, ensuring high payment success rates.
Results and Impact
Razorpay UPI delivered substantial benefits to Reliance Securities. In August 2024 alone, they processed ₹8.67 crores in transactions, reflecting a strong uptake of UPI payments among investors. With 100% of UPI payments efficiently managed by Razorpay, users experienced enhanced reliability and efficiency, contributing to a remarkable 65% success rate.
In an industry where trust is paramount, Razorpay’s UPI solutions for Reliance Securities elevated the investment experience by adding convenience. Razorpay delivered a robust UPI stack with easy integration and round-the-clock support, simplifying operations for Reliance Securities and making investing effortless for users.
