UPI Switch

byPaytm Editorial TeamLast Updated: July 24, 2025

Definition

A UPI Switch is the central routing system that connects banks, payment apps, and NPCI to process UPI transactions efficiently.

Function

It routes payment requests from payer to payee and manage authentication, transaction limits, and settlement flows.

You May Also Like

Cooperative BankLast Updated: September 10, 2025

Meaning A Cooperative Bank is a financial institution owned and managed by its members to provide banking services…

Payment ReversalLast Updated: September 16, 2025

Definition A payment reversal happens when money sent in a transaction is returned to the payer’s account. It…

UPI RegistrationLast Updated: November 14, 2025

Definition UPI Registration is the process of creating a UPI ID and linking it with a bank account…

ECS (Electronic Clearing System)Last Updated: October 21, 2025

Definition ECS stands for Electronic Clearing System.  ECS, or Electronic Clearing System, is a digital method to transfer…

DepreciationLast Updated: December 29, 2025

Meaning & Definition Depreciation is the reduction in the value of an asset over time due to usage,…