CHENNAI: FSS AadhaarPay, a biometric-enabled merchant payment acceptance solution, has won the Best Mobile Experience (International Fintech) provider Award at the Best in Bank Customer Experience Summit at Chicago, USA.
FSS AadhaarPay’s solution is designed to support the Indian Government’s Digital Payments initiative to improve digital payment infrastructure in the country.
Constituted by the Networld Media Group, publishers of the ATM Marketplace and Mobile Payments Today, the Best in Bank Customer Experience Awards honors innovative, consumer-focused financial institutions and fintech providers, whose branches and technologies deliver optimal banking and payment service experience to customers.
FSS AadhaarPay, a biometrically-enabled transaction solution, supports cost-efficient, wide-scale roll-out of digital acceptance payments infrastructure A comprehensive biometric-enabled merchant payment acceptance solution, FSS AadhaarPay allows merchants to accept customer payments through their social identity number (Aadhaar) linked bank account without the need for a physical payment instrument. FSS AadhaarPay is a highly secure solution supported with biometric data encryption, SSL Keys to prevent identity thefts and frauds.
Commenting on the win, Suresh Rajagopalan, President, Software Products, FSS, said, “We are delighted that FSS AadhaarPay has been awarded the prestigious Bank Customer Experience Award. It is a proud moment for FSS and a recognition of our commitment to develop innovative products relevant to the payments needs of developing economies. FSS AadhaarPay is a cost-effective and easy-to-implement solution to help merchants of any size to accept digital payments from customers.”
Commenting on the jury’s decision, a member of the jury said, “AadhaarPay is allowing India to leapfrog the older, long-established and less merchant and consumer-friendly technologies that drive payments in developed markets. And it is doing so in a manner that is simple to implement and use, universally available and relatively inexpensive.”