Latest news with #UPI2.0
Yahoo
4 days ago
- Business
- Yahoo
CARD91 unveils UPI acquiring solution for merchant payments
Indian fintech firm CARD91 has introduced its full-stack UPI acquiring solution to enhance payment collection processes for merchants and corporate entities. This solution is part of CARD91's Blitz platform and is designed to provide a 'regulatory-compliant' infrastructure for issuers and other participants in the payment ecosystem. The new offering features a do-it-yourself merchant onboarding process, which includes AI-powered checks to mitigate fraud risks and streamline onboarding. It also facilitates instant virtual payment address (VPA) creation and the generation of QR codes, both static and dynamic, to accommodate various transaction scenarios. CARD91 CEO Ajay Pandey said: "This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India. From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape." Transaction lifecycle management is a core component of the solution, encompassing the stages of reconciliation & settlements and portals for banks and merchants. For corporate clients, the platform offers bulk disbursal and collection capabilities through Netbanking and it is an API-first architecture solution, integrating with documented endpoints and response codes. Additionally, the platform includes a feature for UPI initial public offering (IPO) management, allowing for IPO applications via applications supported by blocked amount (ASBA) through UPI. CARD91's solution is certified for UPI 2.0 acquiring and is designed to support high transaction volumes, with capabilities exceeding 2000 transactions per second, maintaining near-zero technical declines, and achieving 99.99% uptime. The solution includes mobile applications and web portals for merchants, as well as centralised UPI control centres for banks, and is deployable on cloud infrastructure. CARD91 is a Platform-as-a-Service company that provides technological infrastructure to banks, prepaid licence holders, and authorised dealers, facilitating the issuance of various payment instruments including prepaid payment instruments (PPI), credit cards, multi-currency cards, UPI, and credit lines on UPI. "CARD91 unveils UPI acquiring solution for merchant payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
5 days ago
- Business
- Business Standard
CARD91 Launches Full-Stack UPI Acquiring Switch to Power Merchant Payments at Scale
PRNewswire Bengaluru (Karnataka) [India], May 26: CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions--and over 60% attributed to Person-to-Merchant (P2M) payments--acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on--offering a scalable, regulatory-compliant, and future-ready infrastructure tailored to the evolving needs of issuers and ecosystem players. Key Features of CARD91's UPI Acquiring Solution: * Seamless DIY merchant onboarding with AI-powered checks to reduce fraud and streamline the process. * Instant VPA creation and QR code generation (both static and dynamic). * Full transaction lifecycle management, including reconciliation and settlements. * Comprehensive bank and merchant portals for operational control and advanced reporting. * Bulk disbursals and collections for corporates through Netbanking. * API-first architecture, with well-documented endpoints and response codes for smooth integrations. * UPI IPO Management, enabling IPO applications via ASBA through UPI. Ajay Pandey, CEO of CARD91, remarked: "This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India. From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape." CARD91 is certified for UPI 2.0 acquiring, supports 2000+ transactions per second, maintains ~0% technical declines, and ensures 99.99% uptime. With integrated mobile apps and web portals for merchants, and centralized UPI control centers for banks, the solution is robust, intuitive, and cloud-deployable. Whether enabling micro-merchant collections, expanding QR coverage, or launching a white-labeled merchant app, CARD91's acquiring stack is fraud-checked, compliance-ready, and built for scale. This launch further reaffirms CARD91's commitment to strengthening India's digital payments infrastructure--delivering speed, simplicity, and scale to ecosystem players committed to responsible digitization. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers--ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai. For more information, visit or contact sales@
Business Upturn
5 days ago
- Business
- Business Upturn
CARD91 Launches Full-Stack UPI Acquiring Switch to Power Merchant Payments at Scale
By PR Newswire Published on May 26, 2025, 14:30 IST BENGALURU, India , May 26, 2025 /PRNewswire/ — CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions—and over 60% attributed to Person-to-Merchant (P2M) payments—acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on—offering a scalable, regulatory-compliant, and future-ready infrastructure tailored to the evolving needs of issuers and ecosystem players. Key Features of CARD91's UPI Acquiring Solution: Seamless DIY merchant onboarding with AI-powered checks to reduce fraud and streamline the process. Instant VPA creation and QR code generation (both static and dynamic). Full transaction lifecycle management, including reconciliation and settlements. Comprehensive bank and merchant portals for operational control and advanced reporting. Bulk disbursals and collections for corporates through Netbanking. API-first architecture, with well-documented endpoints and response codes for smooth integrations. UPI IPO Management, enabling IPO applications via ASBA through UPI. Ajay Pandey , CEO of CARD91, remarked: 'This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India . From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape.' CARD91 is certified for UPI 2.0 acquiring, supports 2000+ transactions per second, maintains ~0% technical declines, and ensures 99.99% uptime. With integrated mobile apps and web portals for merchants, and centralized UPI control centers for banks, the solution is robust, intuitive, and cloud-deployable. Whether enabling micro-merchant collections, expanding QR coverage, or launching a white-labeled merchant app, CARD91's acquiring stack is fraud-checked, compliance-ready, and built for scale. This launch further reaffirms CARD91's commitment to strengthening India's digital payments infrastructure—delivering speed, simplicity, and scale to ecosystem players committed to responsible digitization. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers—ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai , Bangalore , Delhi , and Chennai . For more information, visit or contact [email protected]. Logo: View original content: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same. PR Newswire is a distributor of press releases headquartered in New York City.
