“Can a certified UPI switching infrastructure layer become the default middleware for Indian banks and fintechs processing real-time UPI payments at scale?”
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.
Upi Switch discloses Airtel Payments Bank (partner) as its banking provider, with Airtel Payments Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Upi Switch does not disclose a bank charter of its own; its banking services are provided through Airtel Payments Bank.
Upi Switch processes payments through Razorpay (partner/operator) and Razorpay. Disclosed money-movement rails: UPI.
The Embedded Finance Index 2026 maps 4 layers in Upi Switch's stack: Payments / PSP (Razorpay (partner/operator) and Razorpay); Money movement (UPI); Banking / BaaS (Airtel Payments Bank (partner)); Sponsor bank (Airtel Payments Bank).
Upi Switch is headquartered in India.
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