Sarvatra Technologies onboards 50 urban co-operative banks on its UPI platform

New Delhi: Payments and banking solutions provider Sarvatra Technologies on Thursday said it has onboarded 50 urban co-operative banks on its UPI platform that will make them interoperable with large banks across India. By bringing the co-operative banks onboard its UPI platform, Sarvatra Technologies is bringing them at par with other large private and public banks, the company said in a release.

The co-operative banks onboarded by the company hail from 11 states across the country, with Gujarat, Maharashtra, and Karnataka having the greatest number of banks going live on the Sarvatra UPI platform, it added.

Unified Payments Interface (UPI), the instant real-time payment system, facilitates inter-bank transactions on a mobile platform.