LYRA LAUNCHES 'PAYMENT SWITCH'

摘要

Fintech player Lyra Network India has introduced'Payment SWITCH', a solution to facilitate real-time payment processing. It works on AI-backed software system that assists in communication between various providers and performs payment and settlement process smoothly for both online and offline transactions. It is a rule-based authorization and switching solution which dynamically routes payment transactions between multiple acquirers and Payment Service Providers in the most efficient way possible. The technology is compliant with RBI's regulation on storage of sensitive card information.