Payment Switch

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

A Payment Switch is a system that routes payment requests between banks, card networks, and payment service providers, ensuring they reach the correct endpoint for processing.

Key Features

  • High-speed transaction routing
  • Supports multiple payment channels
  • Enhances system uptime and reliability
  • Secure data transmission

Payment switches are crucial for maintaining seamless and fast digital payment ecosystems.

You May Also Like

ALM: Asset/Liability ManagementLast Updated: October 16, 2024

What is ALM Asset/ Liability Management or ALM is an approach used by companies and financial institutions to…

CIBIL: Credit Information BureauLast Updated: October 14, 2024

What is CIBIL?  CIBIL stands for Credit Information Bureau, regulated by the Reserve Bank of India along with…