Tech Fini, a Mumbai-based Fintech firm providing all-inclusive, feature-rich payment infrastructure solutions has collaborated with the National Payments Corporation of India (NPCI) to offer UPI 2.0 Acquiring and Issuing Switch Solutions to its merchants. The announcement comes after the Fintech firm received UPI 2.0 Issuer & Acquirer, PCI DSS, and ISO/IEC certifications from NPCI.
Being given ISO/IEC certification implies that the Fintech firm has implemented a strong Information Security Management System (ISMS) to protect the sensitive data of both the company and its clients from potential attacks. The Payment Card Industry-Data Security Standard (PCI DSS) validation demonstrates Tech Fini’s dedication to data protection and payment security, and it acts as a source of authentication for its customers and partners seeking secure, dependable, and trustworthy solutions.
Tech Fini’s partnership with NPCI has enabled it to launch the ‘Credit Lines on UPI’ option on its platform, providing clients with financial freedom and security. Banks and financial organisations can integrate switch solutions into their platforms to unify the payments ecosystem. Once integrated, Tech Fini handles both the payment authorization and settlement procedures.
Atish Shelar, Chief Operating Officer of Tech Fini, said “We are glad to have been certified by NPCI to enable UPI Acquiring and Issuing Switch solutions, and offer Credit Line on UPI to our merchants. This validation reaffirms our objective to equip our clients with a safe, flexible, and reliable digital payments environment, and foster a financially inclusive economy. We will continue to build such innovative solutions and work in tandem with other stakeholders to create infrastructure that can be customized and scaled.”
Tech Fini presently provides Switch, Card Management, Fraud and Risk Management, and Expense Management Solutions to public and private sector banks in India, and plans to expand to PSUs and large-scale financial institutions.
Also Read | PayU partners with NPCI to enable digital payments via Credit Line on UPI
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