What is the role of UPI Switch in digital transactions?

Home » NEWS » What is the role of UPI Switch in digital transactions?

What is the role of UPI Switch in digital transactions?

UPI Switch acts as an intermediary that routes transaction requests between banks and payment service providers. It ensures that the transactions are processed efficiently and securely by connecting different entities within the UPI ecosystem. The switch verifies the transaction details and facilitates real-time fund transfers.

By streamlining communication between multiple stakeholders, UPI Switch grants seamless interoperability and reduces the chances of transaction failures. It plays a central role in maintaining the reliability and scalability of the UPI network. This is essential for handling large volumes of digital payments.

Download Our App here
Share this post :

Recent News

RBI Extends KYC Update Deadline for Low-Risk Customers to June 2026
June 13, 2025
New FASTag Policy: Pay ₹3,000 Once a Year for Unlimited Highway Travel
June 6, 2025
Fintech Industry Seeks Relief from RBI’s New DLG Norms
June 4, 2025
Online Payment Scams Cross 63,000 Cases and ₹733 Crore in Losses Over a Decade
June 3, 2025