Over the last three decades, Seshaasai has been at the forefront of innovation & technology-driven solutions for the BFSI sector. We are committed to providing futuristic solutions that meet market demands. Taking ahead this commitment, we have partnered with the National Payments Corporation of India (NPCI), Neokred and YES BANK to build the RuPay On-the-Go contactless payments solutions. This first-of-its-kind solution will help customers in making value transactions from the accessories they carry & wear every day.
Speaking about the successful launch that took place at the Global Fintech Festival, on 28th September 2021, Pragnyat Lalwani, Director, Seshaasai, said, “We are honoured to be the Manufacturing and Technology Solution Partner for this initiative by NPCI, Neokred and YES BANK. We, at Seshaasai, are continually working towards collaborating with like-minded organisations to bring secure and contactless path-breaking solutions to the Indian consumer. Our Smart Payments infrastructure is strategically located at Mumbai in the West, Bengaluru in the South and Kolkata in the East to serve our customers better. The key chain and smart payment watch are some of our innovations and you can expect more in the future.”
Adding to the vision, Gautam Jain, Director, Seshaasai, said, “Such associations with like-minded partners will help build and mould stronger & viable solutions for consumers in the payment space. Seshaasai, with its vision of always innovating, looks forward to collaborating with more organisations to provide indigenous solutions for today’s smart consumer.”
Talking about the innovation, Praveena Rai, COO, NPCI, said, “We are delighted to associate with YES BANK, Neokred, and Seshaasai to launch the futuristic RuPay On-the-Go solutions which will enable seamless contactless payments for day-to-day use. The wearable tech space is an integral part of driving contactless payments, and we are working toward building a secure and inclusive payments ecosystem with our partners. With RuPay On-the-Go, we look forward to unleashing the full digital potential of our customers and accompany them in this fast-evolving payment ecosystem.”
Anita Pai, COO, YES BANK, said, “YES BANK is pleased to partner with NPCI to introduce wearable tech for Indian customers. The RuPay On-the-Go smart accessories, such as keychains with tap-and-pay functionality, will enable customers to make digital payments securely, more easily and in style. As the volume of digital transactions continues its upward trend, tech solutions that allow people to make contactless payments – through smart objects that blend in with their style – will find favour with customers seeking a delightful experience.”
Speaking about their role in this initiative, Tarun Nazare, Co-Founder and CEO, Neokred, said, “This is just the beginning of democratising payments in India and we are proud to empower NPCI and YES BANK. Payments through wearables and accessories will open doors into a niche market and provide multiple payment modes to a diversified market.”
As the market moves forward, we at Seshaasai, continue our innovation journey with our Smart Payment Solutions. With our Smart Cheques that add an additional security layer to prevent cheque frauds, Merchant QR kits for Smart Contactless payments at POS and home deliveries, and our other contactless initiatives already present in the market, we continuosly endeavour to provide our payment Partners – Smart, Secure and Innovative solutions.
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