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TechFini, a Mumbai-based Fintech startup, has received official sanction from the National Payments Corporation of India (NPCI) to serve as a UPI-based payment infrastructure provider for banks, other financial institutions, and fintech companies.
The National Payments Corporation of India (NPCI) has granted final approval to Mumbai-based Fintech startup TechFini to operate as a UPI Issuer 2.0, UPI Acquirer 2.0, Issuer of Credit Line on UPI, Acquirer of Credit Line on UPI, and Enabler of RuPay Credit Card and Recurring Mandate on UPI.
The Fintech company has also been certified for UPI Unified Dispute and Issue Resolution (UDIR). The venture is now one of the few platforms to offer UDIR, which will be a game-changer in addressing the intricacies of dispute resolution.
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TechFini is a comprehensive payment infrastructure solution provider that offers a wealth of features, allowing financial services companies, fintech companies, and banks of all sizes to integrate and streamline their payment systems. TechFini will collaborate with financial institutions to expedite their digital growth, product journey, and payments capabilities through the provision of these certifications.
The NPCI certifications serve as a source of authentication for TechFini's customers and partners who are seeking secure, reliable, and trustworthy solutions, and they validate the company's dedication to innovation in payments technology. Upon integration, banks, financial institutions, and fintech will be able to offer a variety of payment options to their consumers and facilitate frictionless online and offline transactions, thereby enhancing their digital payment experience.
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