News & Events
04 19 2016 News
RS Software Selected By Base Commerce
Multi-year contract will provide end-to-end technology services to address rapid growth.
Milpitas, California — April 19, 2016 - RS Software Ltd. and Base Commerce have signed a multi-year contract to build the next generation payment enablement platform in response to the multi-trillion dollar opportunity in the growth of digital commerce. RS Software, the leading vertically integrated technology solution provider in the global digital payments industry, is the technology partner of choice for Base Commerce, a leading provider of integrated payments solutions designed for software developers, application service providers, web based systems, and billing services.
According to Jason Kafer, Chief Technology Officer of Base Commerce, “The depth of payments knowledge at RS Software is a critical value add to my business. I can achieve better control of the total cost of ownership related to my technology investment In addition, I have access to the RS Software subject matter expertise, which allows me to further strengthen the payment solutions we offer our clients. Our success requires a continuing focus on what those clients need to succeed in the marketplace.”
“We are delighted by the establishment of this partnership with Base Commerce,” said Raj Jain, Chairman and CEO of RS Software. “Our mission, as with all our clients, is to provide Base Commerce an improved return on their technology investment with a faster time to market for their innovative solutions. Our proprietary global execution methodology, the industry’s best practices, proven tools and established frameworks will insure we deliver what Base Commerce requires to continue to be a leader in its space. It is a privilege to work with an organization of their caliber.”
The RS Software and Base Commerce teams will be leveraging cutting edge technology stacks to enhance core systems and creating new products and services around digital payments that will feature open API architectures and software development kits (SDKs). Combining an Agile development methodology with RS Software’s accelerators and frameworks designed specifically for the payments industry will provide the foundation for reinforcing Base Commerce’s competitive advantage.
About Base Commerce
Base Commerce provides a next generation API driven payments platform that enables any company to accept payments easily. The company’s technology transcends traditional payments platforms by providing businesses with features and functions that help keep fraud minimal and margins high. Base Commerce works with a variety of organizations, from start ups to large enterprises, to power payments on websites, mobile devices and in apps. For more information, please visit www.basecommerce.com.
About RS Software (India):
RS Software India Ltd. is a vertically integrated technology solution provider to the electronic payments industry operating in four continents with its US headquarters in Silicon Valley, corporate headquarters in Kolkata, India and offices in the United Kingdom and Singapore. RS Software has been in business for more than twenty years providing solutions to leading payments brands around the world including payment networks, processors, acquirers, issuers, and ISOs. RS Software has built solutions for the introduction of new standards such as EMV and emerging payment areas like mobile and contactless payments, while enhancing the ability of its clients to manage their legacy systems. The domain focus makes RS Software a partner of choice for its customers and an employer of choice for its employees. For more information, please visit www.rssoftware.com.
07 24 2015 News
NPCI taps RS Software to build digital payments enablement platform – The Economic Times
The National Payments Corporation of India has awarded a contract to RS Software to build a digital payments enablement platform, to support growth of online payment and spur financial inclusion.
07 24 2015 News
NPCI to ease inter-mobile payment transactions – The Times Of India
In a move that will make mobile-to-mobile transactions practical enough for everyday use, the NPCI on Thursday launched its Unified Payment Interface (UPI) project. The corporation has signed on RS Software — a payments technology company which, among other things, is helping integrate Apple Pay with merchants.
07 23 2015 Events
NPCI assigns RS Software to build Digital Payments Enablement Platform
RS Software has been awarded a contract from the National Payments Corporation of India (NPCI) to build the Digital Payments Enablement Platform.
During a press conference organized in Mumbai on July 23, Mr. A P Hota, MD & CEO, NPCI said “We intent to utilize RS Software’s expertise for fulfilling advanced needs of the customers to perform instant payment transactions. Our strategic association with RS Software foresee a significant contribution to digital revolution we aim to achieve in payments arena.” RS Software CMD Raj Jain said “We are delighted to have been selected by NPCI for this very important national payments initiative. We believe it will be the foundation for enabling a new ecosystem that fosters innovation and will help India achieve the transition to digital payments. to the future of electronic payments in India.”
01 19 2015 News
CMD Raj Jain speaks to CNBC TV 18
While sharing the company’s Q3 results on CNBC TV 18 NSE Closing bell, Mr Jain said that RS is well-positioned to leverage the major developments in the payments industry. With the massive growth in ecommerce, payments companies needed to be able to connect commerce and payments together and RS is transitioning its strategy in order to expand into the digital payments opportunity.
12 22 2014
Raj Jain featured as Entrepreneur of the Month
Raj Jain has been featured as Entrepreneur of the Month in the November 2014 issue of SiliconIndia magazine. The feature, entitled ‘RS Software: Revamping the Electronic Payment Landscape’ follows Mr Jain’s entrepreneurial journey from inception and outlines his zeal and the clarity of his vision in building and shaping RS into a world class organization.
10 20 2014 News
CMD Raj Jain speaks to ET-Now
Mr Jain reported a good second quarter with the highest ever profit reported in any quarter in the history of RS Software. He said that over the last 8 quarters, irrespective of the movement of the exchange rate RS has been successful in consistently improving margins through automation and is on track to reduce client concentration over the next few quarters. The company is focusing on every stage of the business to ensure the right cost structure and continues to deliver price-performance and bring value to clients by being a payments domain-focused player.
10 20 2014 News
R S Software (India) consolidated quarterly net jumps 43.28% - myiris
R S Software reported a substantial rise in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 43.28% to Rs 166.20 million from Rs 116.00 million in the same quarter previous year.