Driving competitive advantage from payments growth
India’s UPI transaction volume is growing at an accelerated pace and expected to increase from 80 billion to 300 billion annual transactions over the next 3-5 years.
This platform enables financial institutions to offer 24×7 real-time payment capability with immediate funds availability and payment certainty, to ease out the liquidity pressure. Customers also experiences instant payment send or receive right from their accounts.
Banks can overcome the challenge of technical complexity and infrastructure and connect to UPI leveraging this platform through simplistic API integration.
Business Benefits
Faster
implementation
Fund transfer/
Request to Pay
Innovative use cases
- QR based payment
Revenue
growth
Collaboration with
third party
Helping banks in their journey with UPI and enabling collaboration with the FinTech community
RS ConnectEdge™ is a modern, modular, ISO 20022 compliant, API-based, cloud-ready real-time payment solution, built using global industry standards to future-proof the payments business for banks.
Our Success Story
RS ConnectEdge™, is a payment processing platform for banks in the India. It helps enables banks and Fintechs to offer connectivity to UPI and BBPS with almost no capex. The platform has gone live during the first week of September 2023. Currently, 12 banks have already been using this product. RS ConnectEdge™ helps to completely focus on business growth instead of spending time on technology enablement. Two more banks are in the process of being onboarded. RS ConnectEdge™ meets all the security, compliance and functional components required to enable a bank consumer to accept and make UPI payment across channels.
Features
High
through-put
A modular, microservice-based scalable architecture that meets demands at any TPS
Availability
Provides 24/7/365 transaction qualification and processing, with zero-downtime upgrades for continuous service
Corporate and
Retail payments
Helps banks support business, consumer, government, and P2P use cases
Seamless API-based
Integrations
Integrates with bank’s digital channels through APIs
Security
Management
Provides end-to-end security through multi-layer encryption with industry-standard algorithms
Onboarding
Management
Facilitates rapid customer onboarding through an interactive portal or in batches
Reconciliation,
Clearing and Settlement
It is a long established fact that a reader will be distracted by the readable content of a page
White Label
Mobile App
Provides white-labelled app or mobile SDK for P2P or P2B real-time payments for Android and iOS
Parameterized
Processing
Banks can configure and manage key parameters like timeout periods, maximum transaction amounts, and more
Optional Capability
Risk Management
Real Time Payment Fraud Management based on Rules and AI Models. Integrated Case Management and Notification modules
Cross Border Payment
Cross Border payment through a network or through a correspondence bank. FX and Fee calculation, Clearing and Settlement
Bill Payment
Centralized Bill Payment solution bringing Banks, Billers, Aggregators and consumers under a single roof to implement an standard interoperability
Last Mile Payment Acceptance
Payment acceptance across multiple channels, seamless onboarding on merchants, management of hierarchy for merchants, Fee calculation, Settlement
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