Razorpay announces #39;UPI Switch#39; in partnership with Airtel Payments Bank

Key points

• Boosting success rates by 4-5 per cent, the solution is designed to handle up to 10,000 transactions per second (TPS) at any given time, according to a release.
• Razorpay announces 'UPI Switch' in partnership with Airtel Payments Bank Fintech company Razorpay on Tuesday launched its own UPI infrastructure with 'UPI Switch', a cloud-based innovation in partnership with Airtel Payments Bank, and said the solution is geared to ensure smoother and faster transactions.
• Boosting success rates by 4-5 per cent, the solution is designed to handle up to 10,000 transactions per second (TPS) at any given time, according to a release.
• The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businesses, it added.
• "Today, Razorpay launches its own UPI infrastructure with UPI Switch, a next-generation cloud-based innovation, in partnership with Airtel Payments Bank," according to a release.