Partnership23 Dec 2025, 11:26 am
Tamilnad Mercantile Bank Partners with Rugr FinTech and Fin Meadows Technologies to Accelerate UPI Collection and Strengthen Infrastructure
AI Summary
Tamilnad Mercantile Bank (TMB) has partnered with Rugr FinTech as a referral partner to source RBI-licensed Payment Aggregators (PAs) for UPI merchant collections. This partnership leverages TMB’s Hosted UPI Switch — TechFini, procured from Fin Meadows Technologies Pvt. Ltd. TMB has also entered a strategic partnership with Fin Meadows Technologies Private Limited, as a Technology Service Provider (TSP) for UPI Switching through their Tech Fini UPI Switch. The partnership aims to enable faster, secure and scalable UPI solutions for payment aggregators, NBFCs, merchants and fintech partners.
Key Highlights
- TMB partners with Rugr FinTech to accelerate UPI collection through hosted UPI Switch Tech Fini
- TMB partners with Fin Meadows Technologies to strengthen UPI infrastructure across India through Tech Fini UPI Switch
- Partnership aims to deliver seamless, secure, and scalable payment solutions to merchants and aggregators across India
- TechFini UPI Switch processes up to 10,000 transactions per second
- Partnership creates one of full-stack UPI infrastructures—combining trusted banking, cloud-native scalability, end-to-end controls, and AI-driven security