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TMB and TechFini Tie Up to Upgrade UPI Capabilities

8 January 20261 min read
BANKING & FINANCETMB and TechFiniTie Up to UpgradeUPI Capabilities8 January 2026safalsetu.com

Why in the news

On 5 January 2026, Tamilnad Mercantile Bank joined hands with fintech firm TechFini to upgrade how it both accepts (acquires) and issues UPI payments.

Key facts

  • Partners: Tamilnad Mercantile Bank (TMB) and TechFini.
  • Date: 5 January 2026.
  • Goal: stronger UPI acquiring and issuing capability.
  • Use cases: UPI Autopay mandates, automated EMI and loan repayments, and wider use in credit, collections and recurring payments.

TechFini UPI platform

  • Cloud-native design.
  • Components: TPAP services, UPI Plugin SDK, acquiring and issuing infrastructure, UPI Autopay.
  • Capacity: up to 10,000 TPS.

About UPI

Unified Payments Interface is a real-time payment system that lets users move money instantly between bank accounts through a mobile phone.

  • Developed by the National Payments Corporation of India (NPCI).
  • Launched in 2016.
  • Works under the supervision of the Reserve Bank of India.

Exam angle

  • Bank involved: Tamilnad Mercantile Bank; technology partner: TechFini.
  • UPI developer: NPCI; regulator: RBI.
  • Related terms: TPAP, UPI Autopay, Plugin SDK.

Test yourself

1. Which bank partnered with TechFini in January 2026 to strengthen its UPI infrastructure?

The partner was Tamilnad Mercantile Bank (TMB).

2. What transaction capacity per second is claimed for the TechFini UPI platform?

The platform handles up to 10,000 transactions per second.

3. UPI, the system TMB is upgrading with TechFini, was developed by which body?

UPI was developed by NPCI and launched in 2016.

This topic is part of Daily Current Affairs 6 & 7 January 2026 (19 topics).

All topics of the dayDay quizJanuary 2026

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