Indian fintech agency CARD91 has launched its full-stack UPI buying resolution to boost fee assortment processes for retailers and company entities.
This resolution is a part of CARD91’s Blitz platform and is designed to supply a “regulatory-compliant” infrastructure for issuers and different members within the fee ecosystem.
The brand new providing includes a do-it-yourself service provider onboarding course of, which incorporates AI-powered checks to mitigate fraud dangers and streamline onboarding.
It additionally facilitates on the spot digital fee handle (VPA) creation and the era of QR codes, each static and dynamic, to accommodate numerous transaction situations.
CARD91 CEO Ajay Pandey stated: “This launch represents a pivotal step in our mission to remodel UPI buying infrastructure in India. From empowering micro-merchants to supporting company buying, our platform is constructed for scale, resilience, and flexibility. We’re dedicated to enabling our companions to develop confidently in an more and more dynamic digital funds panorama.”
Transaction lifecycle administration is a core element of the answer, encompassing the phases of reconciliation & settlements and portals for banks and retailers.
For company shoppers, the platform provides bulk disbursal and assortment capabilities via Netbanking and it’s an
API-first structure resolution, integrating with documented endpoints and response codes.
Moreover, the platform features a characteristic for UPI preliminary public providing (IPO) administration, permitting for IPO purposes through purposes supported by blocked quantity (ASBA) via UPI.
CARD91’s resolution is licensed for UPI 2.0 buying and is designed to help excessive transaction volumes, with capabilities exceeding 2000 transactions per second, sustaining near-zero technical declines, and attaining 99.99% uptime.
The answer contains cell purposes and internet portals for retailers, in addition to centralised UPI management centres for banks, and is deployable on cloud infrastructure.
CARD91 is a Platform-as-a-Service firm that gives technological infrastructure to banks, pay as you go licence holders, and authorised sellers, facilitating the issuance of assorted fee devices together with pay as you go fee devices (PPI), bank cards, multi-currency playing cards, UPI, and credit score traces on UPI.
“CARD91 unveils UPI buying resolution for service provider funds ” was initially created and printed by Digital Funds Worldwide, a GlobalData owned model.
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