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Source: The Hindu BusinessLine

The Hindu BusinessLine
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Banking Sector
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1 min
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03 Sept
Published
Banking Sector
1 min read· The Hindu BusinessLine

Bharat Cooperative Bank takes Viyona Fintech’s UPI Switch live

Bharat Cooperative Bank has gone live with Viyona Fintech’s UPI Switch. The rollout brings the Hyderabad-based company’s technology into a working bank setting.

The deployment marks a step forward for Viyona Fintech: its UPI technology has progressed from development and certification to use in a live banking environment. Bharat Cooperative Bank is the bank named in this rollout.

The key development is the move into live use, rather than another development or certification milestone. However, the report provides only a brief update, without details on the deployment’s scale or the bank’s arrangements for using the technology.

No launch date, transaction volumes or performance figures have been stated. The report also does not identify which customer groups, accounts or banking channels are covered, so the extent of the rollout cannot be assessed from the information available.

There is no stated information about customer-facing changes, charges or any steps account holders need to take. The announcement therefore should not be read as confirmation of new customer features or a change in the bank’s existing service terms.

For now, the confirmed news is limited to Viyona Fintech’s UPI Switch becoming operational at Bharat Cooperative Bank. Further details would be needed to understand the practical scope of the deployment.

#UPI
Source: The Hindu BusinessLine