Ujjivan converts into small finance bank; picks FSS for “payments in a box”

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India-based microfinance entity Ujjivan Financial Services is converting into a small finance bank (SFB), and has signed for Financial Software and Systems’ (FSS) end-to-end payments solution.

Payments round-up: 11 August 2016

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They said it. We read it. We edit. Here’s a round-up of events in the payments space to save you time. Payments platform Payza has expanded the availability of its Payza Prepaid Card to the majority of its account holders worldwide. It was initially launched to a “limited group” in December 2015, but Firoz Patel, […]

FSS to provide UPI solutions for six Indian banks


India-based payments firm Financial Software and Systems (FSS) will provide Unified Payment Interface (UPI) solutions for six unnamed Indian banks. The National Payments Corporation of India (NPCI) recently launched UPI, which offers instant, online bank payments. The move is seen as a major change to the Indian financial sector. FSS says UPI enables the banks […]