Cashfree Payments’ UPI Switch to help small businesses reduce risk and create space for innovation

Quick Summary:

The tool allows merchants to access new UPI versions and features as they are launched, along with improved fraud prevention capabilities.

It also offers advanced fraud control by blocking unknown transactions, including expired QR codes, duplicate payments, and unauthorised direct UPI transactions.

UPI Switch is a software that enables communication between core banking systems and NPCI's UPI systems to process UPI transactions.

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Article Details

Author / Journalist: Neha Dewan

Category: Business

Markets: IndiaSouth Africa

Topics: Upi Akash Sinha UPI Switch Cashfree Payments Small businesses Fraud prevention Payment processing NPCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 11:38:46 (1 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 732 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23336441

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 2 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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