RazorPay and Airtel Payments Bank Collaborate to Launch UPI Infrastructure

RazorPay and Airtel Payments Bank Collaborate to Launch UPI Infrastructure

Daily Current Affairs   /   RazorPay and Airtel Payments Bank Collaborate to Launch UPI Infrastructure

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Category : Business and economics Published on: April 27 2024

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  • Razorpay introduces 'UPI Switch' in partnership with Airtel Payments Bank to streamline transactions, boasting enhanced success rates by 4-5% and the capability to manage up to 10,000 transactions per second (TPS) to cater to peak demand periods.
  • The collaboration aims to offer businesses five times faster access to UPI innovations, ensuring efficiency and speed in digital payment processes, ultimately fostering smoother and quicker transactions for users.
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