The Economic Times

OneStack raises Rs 12.5 crore to take cooperative banks deeper into UPI ecosystem

OneStack, a fintech provider, secured 12.5 crore funding to enhance cooperative bank participation in UPI payments. The funding will help expand services among cooperative banks and NBFCs while developing compliance offerings. Partner banks can now act as UPI issuers and acquirers, which improves revenue opportunities. This shift allows banks to maintain direct relationships with customers and merchants while managing transaction data.