Razorpay and Airtel Payments Bank have launched UPI Switch, a cloud-based infrastructure designed to transform digital payments

Description

Razorpay and Airtel Payments Bank have introduced the UPI Switch, a cutting-edge cloud-based architecture that aims to transform the digital payments market. This revolutionary device promises to increase success rates by 4-5% while handling an amazing 10,000 transactions per second (TPS), providing businesses with unmatched efficiency and scalability.

Providing Businesses With Better UPI Access

Razorpay's UPI Switch is designed to enable companies with 5X faster access to UPI innovations, meeting the growing demand for seamless and efficient payment solutions in India's digital economy.

Addressing Challenges In UPI Infrastructure

Razorpay's UPI Switch promises to overcome the constraints of existing UPI infrastructure by addressing customization, scalability, and performance issues. It seeks to improve the transaction experience for businesses and consumers by providing quicker dispute resolution, instant refunds, and a comprehensive infrastructure solution.

Strategic Vision For The Future Of Payments

Khilan Haria, Razorpay's Head of Payments Product, underlines the strategic importance of the company's move into UPI Infrastructure. The UPI Switch, with latency of less than 100 milliseconds and functionality adapted to varied business demands, promises to set new benchmarks for payment infrastructure.

Airtel Payments Bank's Commitment To Seamless Transactions

Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Bank, emphasizes the partnership's commitment to offering clients a simple, secure, and scalable payment experience. By integrating with Razorpay's UPI Switch, Airtel Payments Bank hopes to improve business payments and contribute to India's digital transformation journey.

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