IndusInd Bank Launches Next-Gen UPI Processing Platform

05 Mar 2026 CW Team

The platform is designed to deliver sub-second response times, near-zero technical declines and seamless disaster recovery within minutes, ensuring operational continuity during peak volumes. IndusInd Bank is the first private bank to go live on this next generation processing platform for both issuer and acquirer services on the cloud. The upgrade provides thirty per cent faster recovery time and up to seventy-five per cent higher scalability headroom compared with the prior infrastructure. The move is expected to reduce technical glitches and improve transaction reliability for millions of users.

The launch aligns with the Bank's Digital 2.0 strategy to create a secure, intuitive and multi-channel banking ecosystem that supports individuals, merchants and enterprises in real time. The Bank characterised the initiative as a further step in delivering speed, resilience and trust across its digital channels and said the platform will support future innovation and intelligent banking services. The implementation leverages cloud readiness to scale operations and maintain service levels.

IndusInd Bank Limited, hereafter the Bank, has been operating for 31 years and provides a wide range of products including microfinance, personal loans, cards, SME lending and advanced digital services. As of December 31, 2025 the Bank serves around 42 million (mn) customers through 3,120 branches and 3,063 ATMs and holds clearing and settlement roles for major exchanges. The Bank also maintains strong domestic ratings including CARE A1+ and CRISIL A1+ for short-term instruments.

IndusInd Bank has gone live with a next generation UPI processing platform, marking a transformative step in real-time payments. The platform, christened UPI 6.0, is a sixth generation upgrade developed by Mindgate Solutions on a hyper-scalable, cloud-ready and resilient architecture that provides a state-of-the-art real-time payments stack. The deployment took place in Mumbai on February 25, 2026 and the Bank said it will serve customers and merchants across India. The platform is designed to deliver sub-second response times, near-zero technical declines and seamless disaster recovery within minutes, ensuring operational continuity during peak volumes. IndusInd Bank is the first private bank to go live on this next generation processing platform for both issuer and acquirer services on the cloud. The upgrade provides thirty per cent faster recovery time and up to seventy-five per cent higher scalability headroom compared with the prior infrastructure. The move is expected to reduce technical glitches and improve transaction reliability for millions of users. The launch aligns with the Bank's Digital 2.0 strategy to create a secure, intuitive and multi-channel banking ecosystem that supports individuals, merchants and enterprises in real time. The Bank characterised the initiative as a further step in delivering speed, resilience and trust across its digital channels and said the platform will support future innovation and intelligent banking services. The implementation leverages cloud readiness to scale operations and maintain service levels. IndusInd Bank Limited, hereafter the Bank, has been operating for 31 years and provides a wide range of products including microfinance, personal loans, cards, SME lending and advanced digital services. As of December 31, 2025 the Bank serves around 42 million (mn) customers through 3,120 branches and 3,063 ATMs and holds clearing and settlement roles for major exchanges. The Bank also maintains strong domestic ratings including CARE A1+ and CRISIL A1+ for short-term instruments.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..