TechFini, a Mumbai-based fintech startup, has secured final approval from the National Payments Corporation of India (NPCI) to operate as a Unified Payments Interface (UPI)-based payment infrastructure provider.
This approval will allow TechFini to serve as a UPI issuer 2.0, UPI acquirer 2.0, and issuer and acquirer of credit lines on UPI, as well as an enabler of RuPay credit cards, among other services, according to a report by The Economic Times.
The startup has also been certified for UPI Unified Dispute and Issue Resolution (UDIR), placing it among the few platforms equipped to handle complex dispute resolution processes.
Atish Shelar, Chief Operating Officer of TechFini, as quoted by ET, “We are happy to receive certifications from NPCI to facilitate UPI-based payment technologies. This approval acknowledges our efforts to enhance the payments ecosystem and help our clients, as well as their customers, experience seamless UPI payments.”
Founded in 2023, TechFini specializes in providing payment infrastructure solutions for banks, fintech companies, and other financial service providers. The company offers a comprehensive suite of products including acquiring switch, issuing switch, UPI switch, expense management, card management, and payment gateway software.