RBL Bank partners with Amazon Pay to offer UPI payments

The organization will allow the Bank to tap Amazon Pay’s developing client base and transaction volumes. This move will expand the Bank’s presence in the Unified Payments Interface (UPI) segment with its payment processing platform hosted on AWS.

RBL Bank’s ability to process on a cloud-hosted platform will provide greater agility and scale in processing UPI which has witnessed exponential growth in the last three years to become the preferred mode of payment for individuals.

Mahendra Nerurkar, – CEO and Vice President, Amazon Pay India said, “It is our undertaking to make digital payments convenient, and rewarding for clients across India. Clients are continually searching for payment platforms that add value and provide a holistic digital payments experience. This partnership with RBL Bank will allow clients to pay anybody, anyplace, seamlessly, and instantly through UPI, improving their payment experience. This comes as another step towards our undertaking of working on lives and driving the adoption of digital payments in India. With a cloud-native architecture, we hope to keep increasing the bar on availability, speed, and client experience using UPI through the Amazon application.”