Fintech startup TechFini gets NPCI nod to operate as UPI provider

Fintech startup TechFini has received final approval 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.