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Is India ready for the AI revolution? The rapid advancements in artificial intelligence, from generative AI tools to sophisticated machine learning algorithms, are transforming industries across the nation. From fintech's burgeoning use of AI-powered fraud detection to the agricultural sector's embrace of precision farming technologies, the impact is undeniable. This week saw a major breakthrough in indigenous 5G technology development, signaling India's growing prowess in the global tech landscape. But alongside this progress comes the crucial discussion surrounding data privacy, cybersecurity, and the ethical implications of AI deployment. How will India navigate these challenges and harness the transformative power of technology for inclusive growth? Explore the latest developments in Indian tech, from the rise of digital payments to the burgeoning startup ecosystem, and discover how innovation is shaping the nation's future. Stay informed with Abtak.com – your gateway to understanding the tech revolution reshaping India.

18
TechnologyMay 26, 2025 03:28 PM

CARD91 Launches Full-Stack UPI Acquiring Switch to Power Merchant Payments at Scale | Business Upturn

BENGALURU, India, May 26, 2025 /PRNewswire/ -- CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions -- and over 60% attributed to Person-to-Merchant (P2M) payments -- acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on -- offering a scalable, regulatory-compliant, and future-ready infrastructure tailored to the evolving needs of issuers and ecosystem players. "This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India. From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape." CARD91 is certified for UPI 2.0 acquiring, supports 2000+ transactions per second, maintains ~0% technical declines, and ensures 99.99% uptime. With integrated mobile apps and web portals for merchants, and centralized UPI control centers for banks, the solution is robust, intuitive, and cloud-deployable. Whether enabling micro-merchant collections, expanding QR coverage, or launching a white-labeled merchant app, CARD91's acquiring stack is fraud-checked, compliance-ready, and built for scale. This launch further reaffirms CARD91's commitment to strengthening India's digital payments infrastructure -- delivering speed, simplicity, and scale to ecosystem players committed to responsible digitization. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers -- ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai. For more information, visit https://card91.io/ or contact [email protected]. Logo: https://mma.prnewswire.com/media/2446086/Card91_Logo.jpg View original content:https://www.prnewswire.com/in/news-releases/card91-launches-full-stack-upi-acquiring-switch-to-power-merchant-payments-at-scale-302464243.html Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.

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30
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