Tamilnad Mercantile Bank Partners with Fin Meadows Technologies Pvt Ltd to strengthen UPI Infrastructure across India

Tamilnad Mercantile Bank (TMB), one of India's trusted private sector banks, has 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. In addition to merchant payments, the collaboration extends UPI use cases to lending and collections through TechFini's UPI Autopay solution. NBFCs and digital lenders integrated with TMB can automate EMI and loan repayments directly from customers' linked bank accounts using UPI Mandate. The solution supports multiple repayment options, including daily micro-repayments via QR codes or UPI Autopay. Automated reminders and seamless retry mechanisms help improve repayment discipline and reduce delinquencies.

TechFini Switch provides a cloud-native UPI platform covering TPAP, UPI Plugin SDK, acquiring and issuing infrastructure, and UPI Autopay. The platform is designed to process up to 10,000 transactions per second, ensuring scalability and readiness for future UPI innovations.

The TMB-Fin Meadows Partnership using Tech Fini UPI Switch creates one of full-stack UPI infrastructures-combining trusted banking, cloud-native scalability, end-to-end controls, and AI-driven security to power seamless payments and credit collection for merchants and lenders.

Commenting on the partnership, Mr. Salee S. Nair, Managing Director & CEO, Tamilnad Mercantile Bank, said: "At TMB, our focus has always been on combining trust with innovation. This partnership with TechFini strengthens our UPI ecosystem and enables us to extend secure and scalable digital payment infrastructure to merchants and fintech partners across India."

Mr. Jaikumar R, Co-Founder & CTO, TechFini, said: "We are pleased to partner with Tamilnad Mercantile Bank, an institution with a strong legacy of trust. Our UPI infrastructure is built for speed, security and scale, and together we aim to support merchants, lenders and fintechs across India in building reliable digital payments and collection solutions.

Shares of Tamilnad Mercantile Bank Limited was last trading in BSE at Rs. 506.15 as compared to the previous close of Rs. 509.30. The total number of shares traded during the day was 8861 in over 409 trades.

The stock hit an intraday high of Rs. 514.40 and intraday low of 499.05. The net turnover during the day was Rs. 4456539.00.

Source : Equity Bulls

Keywords

TamilnadMercantileBank INE668A01016 TMB PrivateBank Partnership FinMeadowsTechnologies