On January 5, 2026, Tamilnad Mercantile Bank (TMB), one of India’s most trusted private sector lender, has entered into a strategic partnership with TechFini, a Unified Payments Interface (UPI) infrastructure and fintech solutions providers, to strengthen its UPI acquiring and issuing capabilities.
- What? Partnership announced
- Between: TMB and TechFini
- Aim: To bolster UPI infrastructure in India
- Role of TechFini: TSP for TMB, managing UPI switching via TechFini UPI Switch
Key Details of Partnership:
TSP: Under this collaboration, TechFini will serve as a Technology Service Provider (TSP) for TMB, managing UPI switching via its TechFini UPI Switch.
Expansion: This collaboration will enable faster, secure, and scalable UPI infrastructure for Payment Aggregators (PAs), Non-Banking Financial Companies (NBFCs), merchants, and fintech partners across the country.
Lending Automation: This strategic partnership is expected to expand UPI use cases in lending and collections using UPI Autopay solution, enabling automated Equated Monthly Instalment (EMI) and loan repayments directly from customers’ UPI handles.
TechFini UPI Platform: It offers a cloud-native UPI platform encompassing Third-Party Application Provider (TPAP) services, UPI Plugin Software Development Kit(SDK), acquiring and issuing infrastructure, and UPI Autopay.
- The platform is built to handle up to 10,000 transactions per second (TPS), ensuring scalability and readiness for future UPI innovations.
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