OneStack raises ₹12.5 crore to expand UPI services for co-ops
In short
OneStack has raised ₹12.5 crore to help cooperative banks do more with UPI payments. The fintech also wants to expand services for cooperative banks and NBFCs and build compliance tools.
This could help partner banks earn more and handle customers and merchants directly. The report does not say who invested or when the funding closed.
What the reporting says
OneStack secured ₹12.5 crore in funding to expand cooperative bank participation in UPI payments, according to a publisher summary. The fintech plans to grow services for cooperative banks and NBFCs, add compliance offerings, and support partner banks acting as UPI issuers and acquirers. The reporting says this can improve revenue opportunities and keep customer and merchant relationships direct, but it does not name the investors.
Why it matters
OneStack has raised ₹12.5 crore to push cooperative banks deeper into the UPI ecosystem, based on the publisher summary. The funding is meant to expand services for cooperative banks and NBFCs and to develop compliance offerings. The report says partner banks can act as UPI issuers and acquirers, potentially improving revenue opportunities and data control. The investors and detailed terms are not stated.