airpay partners with Maharashtra State Co-operative Bank to enable UPI across Maharashtra

airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB), India’s largest state cooperative bank, to enable UPI payments across the bank’s entire network of villages, district banks, and branches across Maharashtra. The network handles an annual business volume of ₹62,000 crore, a significant share of which is expected to shift to digital transactions.

The rollout covers 21,000+ Primary Agricultural Credit Societies (PACS), 31 District Central Co-operative Banks (DCCBs), and 55 MSCB branches across the state. UPI payments are now available across this network at no additional cost to merchants.

Cooperative banks have historically been the primary financial touchpoint for rural India. This partnership extends India’s digital payments network to farmers, traders, and cooperative members across Maharashtra, many of whom are transacting digitally for the first time.

The move comes as NABARD and RBI push cooperative banks to digitise. In 2024 ...