RazorPay Launches UPI Infrastructure In Collaboration With Airtel Payments Bank
by MediaNama
MediaNama— According to RazorPay, UPI Switch is able to solve a lot of the currently faced by currently existing UPI infrastructure, as well as added capacity such as being able to handle 10,000 transactions per second, and resolving disputes within 24 hours as opposed to the industry standard of 7 days.
PYMNTS.com—Razorpay and Airtel Payments Bank Partner on UPI Infrastructure. Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles up to 10,000 transactions per second at any given time; and enables five times faster access to UPI innovations for business, Razorpay said in a Wednesday (April 24) press release. “This […]
Egyptian Streets—Egypt to Launch First Ever Digital Bank. Misr Digital Innovation (MDI), a subsidiary of banking giant Banque Misr, has secured preliminary approval from the Central Bank of Egypt (CBE) to launch Egypt’s first digital bank: onebank. This step aims to further promote financial inclusion in Egypt, as onebank will operate entirely online, offering convenient and secure banking solutions to a wider segment of the population. Unlike traditional banks that require branch visits, this completely online bank allows you to set up an account...
DVIDS—VSFB and NSIN Collaborate to Revolutionize Space Launch Operations. Space Launch Delta 30 personnel worked this week to develop a model for the Spaceport of the Future through a National Security Innovation Network’s (NSIN) bootcamp, a U.S. Department of Defense program.