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Fintech startup TechFini gets NPCI nod to operate as UPI provider

Economic Times · 8m

Mumbai-based fintech startup TechFini has gained final approval from the National Payments Corporation of India (NPCI) to serve as a Unified Payments Interface (UPI)-based payment infrastructure provider. The approval allows TechFini to function as a UPI issuer and acquirer, as well as enable RuPay credit cards and provide dispute resolution services. Established in 2023, TechFini offers a range of payment system solutions, including acquiring switch, issuing switch, UPI switch, expense management, card management, and payment gateway software. In June, UPI transactions in India reached over Rs 20 lakh crore in value, reflecting a 49% YoY increase.