Fintech startup TechFini receives NPCI certification to operate as UPI provider

Fintech startup TechFini has received final certification from the National Payments Corporation of India (NPCI) to operate as a Unified Payments Interface (UPI)-based payment infrastructure provider for banks and fintech companies.

This approval enables the Mumbai-based startup to function as a UPI issuer 2.0, UPI acquirer 2.0, issuer and acquirer of credit lines on UPI, and enabler of RuPay credit cards, among others.

Additionally, the company has been certified for UPI Unified Dispute and Issue Resolution (UDIR), making it one of the few platforms capable of addressing the complexities involved in dispute resolution.


“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,” said Atish Shelar, chief operating officer of TechFini.

Founded in 2023, TechFini is a payment infrastructure solution provider that enables banks, fintechs, and other financial services companies to integrate and simplify payment systems. The company offers a suite of products including acquiring switch, issuing switch, UPI switch, expense management, card management, and payment gateway software.

In June, UPI-based transactions reached over Rs 20 lakh crore in value, a 49% year-on-year increase, according to NPCI data. The transaction volume for the same month stood at 13,885.1 million.