Zwitch

Zwitch is an embeddable platform for banking automation, virtual accounts and programmatic A2A/H2H payouts. It comes from Open Financial Technologies, an Indian fintech unicorn, was founded in 2017 and is based in Bangalore.

Products The product list includes Virtual Accounts, Automated Reconciliation, Bulk Payouts, Connected Banking H2H and No-code Workflows. A virtual account gives each payer or order its own reference number, so incoming transfers can be matched automatically instead of by hand, and bulk payouts send many transfers from one request.

Clients and markets Target verticals are fintech, ERP, B2B marketplaces and PSPs. Stated geography is India and South-East Asia.

Pricing The tariff is usage-based and charged through the API, so the bill follows the number of calls and transactions. Before integrating, confirm which banks are supported for connected banking, the limits on bulk payouts and what applies to accounts outside India.