Payment Platform as a Service

Accelerating the implementation of real-time payments capability for banks through RS ConnectEdge™

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, RS ConnectEdge™ 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

Faster implementation

Fund transfer/ Request to Pay

Fund transfer/ Request to Pay

Innovative use cases - QR based payment

Innovative use cases - QR based payment

Revenue growth

Revenue growth

Collaboration with third party

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.

  • Caters to all payment channels – UPI, AePS, IMPS, and BBPS – and their respective functional areas such as VPA mapping and resolution, NBIN and IIN mappings, and biller integrations
  • Caters to transactions for additional rails such as NACH, NETC, and RuPay, thus driving operational efficiencies, thereby lower TCO and superior customer experiences
  • Integrates with banking systems such as Core Banking System (CBS), FRM, ERP, CRM, Treasury, as well as API-based integrations with the bank’s existing digital channels – mobile banking, internet banking, mobile apps
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

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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

Get in touch

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