Login

News on Medial

Cashfree receives NPCI certification for its own UPI switch

Economic TimesEconomic Times · 1m
Cashfree receives NPCI certification for its own UPI switch

Cashfree Payments has received certification from the National Payments Corporation of India for its UPI Switch service. This certification allows Cashfree to directly integrate with any bank's core banking software, resulting in a higher transaction success rate for its merchants. With this certification, Cashfree can settle around 12,000 transactions per second. The UPI Switch was developed in collaboration with NSDL Payments Bank as the sponsor bank. This achievement will lead to a 5% increase in Cashfree's transaction success rates, faster merchant onboarding, and improved control over the payments process. Cashfree Payments is a leading payment aggregator trusted by over 600,000 businesses, processing transactions worth $80 billion annually.

View Source

Comments

More Like this

RBI directs NPCI to certify 4-5 banks for Paytm UPI migration

RBI directs NPCI to certify 4-5 banks for Paytm UPI migration

Razorpay, Airtel Payments Bank Roll Out ‘UPI Switch’ To Enable 10K Transactions Per Second

Razorpay, Airtel Payments Bank Roll Out ‘UPI Switch’ To Enable 10K Transactions Per Second

Paytm receives approval from NPCI to onboard new UPI users

Paytm receives approval from NPCI to onboard new UPI users

Fintech startup TechFini gets NPCI nod to operate as UPI provider

Fintech startup TechFini gets NPCI nod to operate as UPI provider

Fintech firm Cred receives BBPS customer operating unit certification

Fintech firm Cred receives BBPS customer operating unit certification

NPCI to deactivate THESE UPI IDs by December 31, 2023

NPCI to deactivate THESE UPI IDs by December 31, 2023

60-70 percent of IPO applications coming through UPI, says NPCI CEO Dilip Asbe

60-70 percent of IPO applications coming through UPI, says NPCI CEO Dilip Asbe

Paytm may switch to third-party app mode to keep UPI

Paytm may switch to third-party app mode to keep UPI

NPCI introduces credit, NFC-based payments to scale UPI service

NPCI introduces credit, NFC-based payments to scale UPI service

NPCI Puts Brakes On Misuse Of Virtual IDs

NPCI Puts Brakes On Misuse Of Virtual IDs

Download the medial app to read full posts, comements and news.