News Post

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

Inc42

· 2m
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Indian fintech unicorn Razorpay has partnered with Airtel Payments Bank to launch its own United Payment Infrastructure (UPI) called 'UPI Switch'. The Switch is designed to process up to 10,000 transactions per second and is aimed at addressing the scalability and technical issues faced by existing UPI infrastructure. Razorpay claims that its UPI Switch can resolve disputes 7 times faster and process refunds instantly, improving the overall customer experience for businesses. With UPI transactions on the rise in India, the UPI Switch aims to provide a holistic infrastructure for future UPI innovations.

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