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.

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