VEGA Payment Switch: Getepay and ESAF SFB Tie-Up
Why in the news
Payment aggregator Getepay teamed up with ESAF Small Finance Bank (ESAF SFB) to roll out VEGA, a new-generation payment switch.
Key facts
- Partners: Getepay (payment aggregator) and ESAF SFB.
- Product: VEGA, a payment switch.
- Function: live transaction processing plus automated reconciliation.
- Features: handles many payment modes, scalable, high-performance and compliant with Indian banking norms.
About VEGA
- Combines Getepay’s payment technology with ESAF SFB’s financial network.
- Modernises payment systems, giving banks and financial institutions a secure and efficient platform.
Exam angle
- Switch name: VEGA.
- Bank partner: ESAF Small Finance Bank.
- Partner firm type: payment aggregator.