🐘 India 🇮🇳: Cashfree Payments + UPI = increased conversion with the UPI Switch system

🐘 India 🇮🇳: Cashfree Payments + UPI = increased conversion with the UPI Switch system

The solution facilitates integration between major banking systems and the Unified Payments Interface (UPI) infrastructure, ensuring reliable and efficient transaction processing.

➡️ UPI Switch is already certified by the National Payments Corporation of India (NPCI).

➡️ It supports several UPI payment methods, including UPI Credit, UPI PPI, UPI Collect, dynamic QR codes, and UPI AutoPay. Its flexibility enables quick deployment of new features developed by NPCI.

➡️ The system can handle up to 12,000 transactions per second, allowing businesses to manage large-scale events, such as sales or sports competitions, without disruptions. It boosts conversion rates by at least 5%.

➡️ UPI Switch reduces customer queries, providing clear reasons for payment failures, and includes features like automatic retries and early cancellation of invalid transactions.

➡️ It also integrates fraud detection powered by machine learning, helping to minimize losses by blocking suspicious transactions.

➡️ NSDL (National Securities Depository Limited), a pioneer in the digitization of India's securities market, acts as the system's sponsor bank.
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