airpay Teams Up with Maharashtra State Co-operative Bank for Rural UPI Rollout
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airpay, MSCB Partner to Bring UPI to Rural Maharashtra; Boosts Digital Payments
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CNBC TV18•11-03-2026, 14:28
airpay, MSCB Partner to Bring UPI to Rural Maharashtra; Boosts Digital Payments
•airpay Payment Services partners with Maharashtra State Co-operative Bank (MSCB) to implement UPI across its rural network in Maharashtra.
•Initiative aims to expand digital payment access, covering over 21,000 Primary Agricultural Credit Societies (PACS), 31 District Central Cooperative Banks (DCCBs), and 55 MSCB branches.
•Merchants within the cooperative network can accept UPI payments via QR codes without additional charges.
•Partnership brings digital payment infrastructure to rural members and small merchants, many adopting it for the first time.
•Aligns with government's digitisation push for the cooperative sector and regulators' encouragement (NABARD, RBI).
