Deutsche Bank said on Thursday that it has strengthened its commercial solutions in India by integrating directly with the interface of the country’s unified payments (UPI), allowing digital payment processing faster and more reliable for senior traders and payment service providers.
The bank said that the new direct payment bars provide “high treatment speed and developmental platform”, which are designed to reduce the number of transactions leaps compared to the common model that PSP moves.
Integration aims to enhance success rates while simplifying the reconciliation of traders.
With one connection to the Deutsche Bank platform, customers can access UPI along with other local cards and methods.
The bank’s coincidence layer records the payments of the chosen service providers, while Deutsche Bank remains on the side of the registration. Traders can now accept UPI through QR codes, payment links and collection requests, with actual time reports available online.
Oliver von Quadi, the global president of Deutsche Bank – Admission, said the company sees “great potential to continue developing our merchant solutions in India.”
He added: “While the first days are still, we see a great interest from companies and PSPS around this offer with the aim of improving the total customer experience.”
UPI dealt with 172 billion $ 2.88 trillion in 2024 and was recognized in seven other countries including Singapore, France and the United Arab Emirates.
Daily UPI transactions in India are expected to reach one billion in the coming years, which confirms the opportunity for banks and payment providers.