FSS

Anirban Roy, VP of Engineering at FSS, spoke to Puja Sharma of IBS Intelligence about technology's transformative power on the occasion of National Technology Day. Read the full quote here: https://lnkd.in/dWhtkgXs #nationaltechnologyday #tech #digitalpayments

For consumers, digital payments are largely free. But for banks, they are the ones who are bearing the costs of making digital payments seamless and easily accessible. Banks are witnessing a significant rise in their IT costs, amounting to as much as 10% of operating costs for some of them. While RBI is concerned about ensuring that banks provide the best tech to facilitate digital payments, what do bankers have to say? Read the lead story in the latest issue of Payments Watch for more. #banking #digitalpayments #rbi #upi

Is this the end of "Better Luck Next Time"? Remember when we used to get cashbacks and coupons that were actually useful upon making UPI transactions? Good ol' days, right? Well, NPCI wants those days to return. Currently, the UPI market is largely dominated by just two players - Google Pay and PhonePe. NPCI wants new players to expand their market share and break this duopoly. And the best way to do that? Provide incentives to users. But how is NPCI planning to do this? Read about it in the lead story of the latest issue of Payments Watch. #upi #npci #googlepay #phonepe

At FSS, we are continuously working towards empowering professionals through skill development. In a similar attempt, we conducted a workshop in our Chennai and Mumbai offices for "The High Performance Manager". From honing technical expertise to fostering leadership skills, we're committed to cultivating talent for success in today's dynamic workforce. The THPM workshop unfolded over two intensive days, offering participants a holistic journey towards managerial excellence. · Assessing leadership and managerial roles alongside associated responsibilities. · Aligning with management expectations and organizational goals. · Cultivating effective management of individuals, teams, and tasks. · Conducting impactful feedback sessions to foster team competence and productivity.

The role of payment processors in India has traditionally been focused on verifying credit card transactions. However, the Indian market with its diverse consumer base and burgeoning digital ecosystem demanded more. New-age payment processors are transforming the digital landscape by: - Being a digital facilitator for all - Standing guard against fraudsters - Providing date for smarter decisions Read how modern payment processors will play a key role in India's financial future: https://lnkd.in/gwhZrYcK

Do you use the digital wallets by Paytm, PhonePe or Amazon Pay? If you do, here's some great news for you. Soon, you'll be able to link these wallets, which are a type of Prepaid Payment Instruments (PPI), with third-party UPI apps. This means that you can use any app to access the money in your wallet, not just the wallet issuer's app. Once this proposal comes into effect, making payments using wallets will become even more convenient and flexible. Want to learn more? Read the lead story in the latest issue of Payments Watch.

Eid Mubarak from all of us at FSS! May this Eid bring peace, happiness, and prosperity to you and your family. #EidAlFitr #FSS

The shift from cash to digital payments isn't just about convenience; it's also about empowering individuals and communities. Digital payments ultimately lead to significant upgrade in our lives by enabling financial inclusion, enhancing security and transparency, boosting businesses & economies, and more. Read about how digital payments technology continues to evolve. https://lnkd.in/g39zZcPN

Wishing you radiant smiles, joyful hearts, and fulfilled spirits this Ugadi! May your dedication yield abundant success, turning your aspirations into tangible achievements! #FSS #Ugadi

FSS CEO, Balasubramanian V speaks to the media about RBI's proposal to allow the distribution of CBDC through Non-bank Payment System Operations. "For higher adoption of CBDC, it is important that it is accessible and usable by diverse sections of our society. This will be further enhanced when customers have a wide array of CBDC wallets to choose from once non-bank payment system operators foray into this area. This move widens the playing field and can turn CBDC into a mainstream payment option in the foreseeable future," he says. Read more on the coverage below. The Hindu Business Line: https://lnkd.in/gCpyUkk8 Business Standard: https://lnkd.in/dcy9NQyS