In an unprecedented collaboration, Razorpay and Airtel Payments Bank unveil UPI switch, A cutting-edge cloud-based infrastructure designed to revolutionize the digital payments landscape. This innovative product promises to increase the success rate by 4-5% and handle an impressive 10,000 Transactions Per Second (TPS)Provides businesses with unprecedented efficiency and scalability.
Empowering businesses with advanced UPI access
UPI Switch by Razorpay is set to provide businesses 5x faster access to UPI innovations, meeting the growing demand for seamless and efficient payment solutions in India’s digital economy.
Solution to challenges in UPI infrastructure
Recognizing the limitations of the existing UPI infrastructure, Razorpay’s UPI Switch aims to address challenges related to customization, scalability, and performance. By offering quick dispute resolution, instant refunds and a holistic infrastructure solution, it aims to improve the transaction experience for both businesses and consumers.
Strategic vision for the future of payments
Khilan Hariya, Head of Payments Products at Razorpay, underscoring the strategic importance of Razorpay’s entry into the UPI infrastructure. With less than 100 millisecond latency and customized features to suit different business needs, UPI Switch promises to set new standards in payments infrastructure.
Airtel Payments Bank’s commitment to seamless transactions
Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, highlights the partnership’s commitment to providing customers a seamless, secure and scalable payments experience. By integrating with Razorpay’s UPI Switch, Airtel Payments Bank aims to enhance business payments and contribute to India’s digital transformation journey.
