FSS AadhaarPay Wins Best Alternative Payments Awards at Payments Awards UK
Chennai, November 21, 2017: FSS AadhaarPay, a biometric-enabled merchant payment acceptance
solution, has won the Payments Awards UK in the “Best Alternative Payment
Award” category. The awards were announced at the 5th Edition of the Annual
Payments Awards, at a prestigious awards ceremony in London.
FSS AadhaarPay is deployed by India’s leading merchant acquirer,
enabling the bank to reshape economics of conventional acceptance models and
target previously under-penetrated micro-merchant segments, thereby easing the
way for rapid merchant onboarding and expansion of the ecosystem.
Commenting on
the achievement, Suresh Rajagopalan, President, Software Products, FSS, said;
“The award is a validation of our ability to develop acceptance products and
solutions relevant to the needs of acquirers in our chosen markets. AadhaarPay
offers an alternative solution to cost-efficiently and rapidly expand the
number of acceptance points in countries with scant POS penetration, providing
a bridge to digital payments to millions of merchants and consumers.
Organized by FStech and Retail Systems, Payments Awards UK recognizes excellence within the card and payment
industry, including those companies which have launched or implemented the most
outstanding payment solutions, initiatives and projects during the past year.
Earlier this
year, FSS AadhaarPay won the Best Mobile Experience (International Fintech) provider award
at the Best in Bank Customer Experience Summit at Chicago, USA.
FSS has
spearheaded the growth of retail and wholesale payments globally through a rich
portfolio of payments products and services. The rapidly growing FSS clientele
includes 100 leading banks as well as some of the world’s largest processors
and retailers. In India, the FSS domestic client portfolio comprises 35 plus
banks including leading public and private sector banks in the country.
About
FSS
Financial
Software and Systems (FSS) is a leader in payments technology and transaction
processing, offering a diversified portfolio of software products, hosted
payment services and software services built over 25 years of comprehensive
experience across payments spectrum.
FSS,
through its innovative products and services, caters to the wholesale and
retail payments initiatives of leading banks, financial institutions,
processors, merchants, governments and regulatory bodies. Its end-to-end
payments suite powers retail delivery channels such as ATM, POS, Internet,
Mobile and Financial Inclusion as well as critical back-end functions such as
cards management, reconciliation, settlement, merchant management and device
monitoring.
Headquartered
in Chennai, India, the company services 100+ customers across the globe, which
include leading public and private sector banks in India and some of the large
Banks, FIs, Processors and Prepaid Card issuers are customers of FSS across North
America, UK/Europe, ME/Africa and APAC and has a team of over 2500 experts
serving the clients across the globe.