Regional product – Global Impact! Montran’s end-to-end UPI solution secured another triumph as our client, one of the top banks in India, joined the Real-Time Payments (RTP) revolution. This launch is a successful step towards revolutionizing instant payments in India and beyond.
NPCI’s UPI solution is an RTP system that empowers banks with the power of 24x7x365 availability, multiple overlay services, QR code convenience and unmatched versatility. For the first time ever, UPI recorded the highest number of transactions at over 9 BN transactions in May 2023, amounting to over 14 TN INR.
The Montran UPI solution features the Acquirer (Merchant bank) & Issuer (Consumer bank) switches that connect to multiple internal & external systems of the bank, alongside a user-centric Admin & Merchant portal. Built on advanced modular and microservice-based architecture, the solution results in better scalability and accelerated Time-to-Market. The solution is benchmarked to achieve 500 TPS, amounting to over 40 MN transactions per day.
On day 1 of the go-live, the application processed over 4 MN financial transactions and 2 MN non-financial transactions. The entire application was migrated from a third-party hosted environment to the bank’s on-premise environment, encompassing a seamless experience for merchants and consumers, likewise.
This roll-out marks a groundbreaking milestone for our bank real-time payment implementations worldwide.
Learn more about our UPI solution here.
