What Mobileware Technologies does

Mobileware Technologies is a Mumbai-based fintech infrastructure provider that operates NPCI-certified payment switches for India's core digital payment rails — Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Bharat Bill Payment System (BBPS), and Aadhaar Enabled Payment System (AePS) — and serves commercial banks, regional banks, and fintech companies requiring payment processing and Banking-as-a-Service capabilities. The company holds NPCI Preferred Partner status and is an NBBL empaneled Technology Service Provider, with ISO and DSS certifications supporting its compliance posture. Its technology stack centers on cloud-hosted payment switches that process transactions across the four rails, complemented by TransXT, a plug-and-play API banking platform marketed as a 'bank-in-a-box' that enables clients to launch and enrich digital financial offerings without building underlying infrastructure.

The company has processed a cumulative 13+ billion transactions and reports an installed base of 90+ banks and 30+ fintechs. Its go-to-market is enterprise field sales targeting banks and fintechs in India, with a demo-scheduling call-to-action and an API-first positioning for TransXT. Revenue is generated through a combination of transaction-based fees on payment switching and subscription/recurring fees on the API banking platform, though no pricing tiers or price points are publicly disclosed and the model is quote-based for enterprise clients. Operating exclusively in India with headquarters in Andheri East, Mumbai, Mobileware operates as a privately held company with no disclosed ownership, investor, or capitalization information in the public sources.

Name

Mobileware Technologies

Legal name

Mobileware Technologies

Website

https://mobilewaretech.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Mobileware Technologies is a Mumbai-based fintech infrastructure provider offering NPCI-certified payment switches (UPI, IMPS, BBPS, AePS) and the TransXT API banking platform to 90+ banks and 30+ fintechs in India.

Ownership category

akta.pro rank

Product category

Payment Infrastructure

akta.pro primary industry

Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)

Keywords

• Payment switch software
• Real-time payment processing
• Unified payments interface
• API banking platform
• Fintech payment infrastructure

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Payment Processing/Switching Services: Transaction-based payment processing through NPCI certified switches for UPI, IMPS, BBPS, and AePS payments. Revenue generated based on transaction volume processed through the platform.
2. API Banking / Banking as a Service: TransXT platform licensing and API services enabling businesses to offer digital financial products. Revenue model likely includes platform fees, API usage charges, and potentially subscription components.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Mobileware Technologies develops and operates NPCI-certified payment switches across UPI, IMPS, BBPS, and AePS rails, marketed under the "86400" brand. Through its TransXT platform, it offers Banking-as-a-Service APIs that allow banks and fintech companies to embed payment and banking functionality. The company has processed more than 13 billion transactions across 90+ banks and 30+ fintechs with 99.999% availability.

Product overview

Mobileware Technologies offers a portfolio of NPCI-certified payment switches for banks and fintechs, including UPI, IMPS, BBPS, and AePS, complemented by the TransXT API banking platform. The payment switches provide core transaction processing infrastructure while TransXT serves as a bank-in-a-box solution enabling businesses to offer digital financial services through API integration.

Differentiator

Problem solved

Functional benefit

Brands

• 86400: Brand name used for the company as shown in website header - '86400 | Secure Digital Payments & API Banking Solutions for Banks & Fintechs'
• TransXT

Quantifiable outcome

• 13+ billion transactions processed
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• National Payments Corporation of India (NPCI)coreTechnology or IntegrationNPCI Preferred Partner providing payment switching infrastructure for UPI, IMPS, BBPS, and AePS payment rails. This partnership enables Mobileware to process transactions through India's national payment infrastructure.
• NPCI Bharat BillPay Ltd (NBBL)coreTechnology or IntegrationNBBL empaneled Technology Service Provider (TSP) for Bharat BillPay System, enabling bill payment services through Mobileware's BBPS platform.

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Setu: India-based BaaS and payments-API platform offering UPI, BBPS, and account-aggregation APIs to fintechs and banks. Most direct comparable to Mobileware's TransXT platform and payment-switching business for the Indian market.
• Cashfree Payments: Indian payment gateway and payouts provider serving banks, fintechs, and merchants with UPI, card, and net-banking processing. Comparable as a transaction-processing infrastructure competitor targeting overlapping bank and fintech customers.
• Razorpay: Leading Indian payment gateway and BaaS/RazorpayX platform serving banks, fintechs, and enterprises. Competes with Mobileware across payment acceptance, payouts, and embedded banking APIs for the same customer base.
• Innoviti Payment Solutions: India-focused payment processing and software POS provider serving banks and merchants. Comparable to Mobileware as a payment-switch and processing vendor for institutional financial customers in India.
• BillDesk: Indian bill payments and recurring payments aggregator and gateway historically dominant in BBPS and online bill collection. Closely comparable to Mobileware's BBPS switch offering and bank-side bill payment infrastructure.
• Mswipe Technologies: Indian merchant payments and acquiring platform providing POS, payment gateway, and digital payment solutions to banks, SMEs, and fintechs. Comparable to Mobileware in serving Indian banks with payment processing infrastructure.
• Juspay: India-based payment orchestration and gateway platform providing unified payment APIs (UPI, cards, net-banking) for banks, merchants, and fintechs. Highly comparable to Mobileware's payment switch and API banking stack.

Broad incumbents

• Pine Labs: Diversified Indian payments and merchant commerce platform with point-of-sale, payment gateway, and issuing products. Overlaps with Mobileware on payment processing infrastructure for banks and large merchants.
• PayU India: Indian arm of global PayU payments platform offering payment gateway, payouts, and lending infrastructure to merchants and fintechs. Competes with Mobileware on transaction processing for banks and large enterprises.
• Worldline (India): Global payments processor with established Indian operations serving banks and merchants with acquiring, issuing, and processing. Comparable as a broader payment infrastructure incumbent competing for bank processing mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/980917
• Xx.com/mobilewaretech
• Facebookfacebook.com/Mobilewaretech

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mobileware Technologies