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Upi Switch

Can a certified UPI switching infrastructure layer become the default middleware for Indian banks and fintechs processing real-time UPI payments at scale?

HQIndia
IndustryInfrastructure / Payments
The story

UPI Switch is a payment infrastructure product (or brand) in the Indian payments ecosystem. The known_customer_listings evidence indicates a Razorpay-launched UPI Switch built in partnership with Airtel Payments Bank, targeting issuers, PSPs, and TPAPs. A separate product, CARD91 UPI Switch Blitz, also operates in this space providing NPCI-certified UPI 2.0 switching for banks and fintechs. The evidence does not conclusively establish whether 'Upi Switch' refers to a standalone company or to the Razorpay/Airtel product; the most attributable reference is the Razorpay-Airtel Payments Bank partnership announcement.

Last 12 months
Product timeline
2023
Razorpay launched UPI Switch in partnership with Airtel Payments Bank, enabling UPI payment switching for issuers, PSPs, and TPAPs.· pivot
The stack
Payments / PSP
Razorpay (partner/operator)Razorpay
Banking / BaaS
Airtel Payments Bank (partner)
Sponsor bank
Airtel Payments Bank
Accounting gap: none