FSS Hosted Payment Services

9. November 2017.

The introduction of Payment Banks and Small Finance Banks in the Indian banking industry is expected to make banking services more accessible to everyone across the country. Banks are poised to play a pivotal role in realizing the Government of India’s and the regulator’s goal of financial inclusion. However, rapidly evolving banking technology, introduction of new age channels and aggressive competition pose unique challenges. As a result, banks need to make significant investments in setting up the infrastructure, disruptive technology, inter-operable delivery and payment channels and resources. A strategic partner can provide right technology solutions for rapid deployment, improving agility and responsiveness to achieve business objectives quickly and cost effectively.

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