Getepay has launched ‘Vega,’ an advanced indigenous payment switch designed to revolutionise India’s digital payment ecosystem. The launch, held in Mumbai and inaugurated by famous actor Sanjay Dutt, marks a significant milestone for the company and the country’s financial inclusion goals.
Vega is engineered as a next-generation payment switch developed with a robust microservices-based architecture that ensures scalability, resilience, and uninterrupted service. It enables banks, payment service providers, and merchants to manage large transaction volumes with unparalleled speed and reliability. The platform offers real-time digital payments, automated reconciliation and settlement, and smart merchant management to streamline the entire payment lifecycle.
One of Vega’s core advantages is its seamless integration across diverse partner networks, facilitating banks to unify multiple payment modes under one gateway. This capability allows the processing of millions of transactions in under a second, even during peak times, eliminating typical bottlenecks seen in legacy systems. Additionally, Vega supports real-time settlement, reconciliation, and reporting, providing operational efficiencies and superior transparency.
Adhering strictly to guidelines from the National Payments Corporation of India (NPCI) and Indian banking standards, Vega ensures full regulatory compliance and end-to-end security. Its rapid deployment framework allows financial institutions to launch services swiftly, accelerating their digital transformation efforts. The platform’s merchant management suite empowers organizations to efficiently onboard, monitor, and manage merchants, offering complete control over transaction flows.
Pravin Sharma, Founder and CEO of Getepay, expressed pride in the launch, highlighting Vega as a bridge connecting millions of micro and small entrepreneurs powering India’s economy. The platform not only simplifies digital payments for banks and merchants but also aims to bring digital empowerment to every corner of Bharat.
Getepay’s vision emphasises innovation combined with inclusivity, striving to democratize financial access for businesses across India. Since its inception, Getepay has raised over $8 million across multiple funding rounds, led by former cricketer Virender Sehwag and investors such as Hyderabad Angels, ITI Growth Fund, and DBR Ventures. The funds will be used to enhance product development, expand merchant acquisition, and scale its digital payments infrastructure nationwide.
Also Read: Dezerv secures ₹350 crore Series C funding
By deploying Vega, Getepay solidifies its commitment to a Digital Bharat, offering a future-ready, secure, and scalable payment infrastructure that meets the evolving demands of India’s digital economy.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
