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National Payments Corp signs up Thinksoft Global for validation of payment system

17 Oct 2012 Evaluate

Thinksoft Global Services, a specialist financial software testing company, has been signed up National Payments Corporation of India (NPCI) for utilizing former’s expertise and support service to enhance the quality of NPCI’s compliance and certification programme related to its products and services.

Thinksoft will design and develop the compliance program set-up, study the certification program practices, review and suggest improvements in the process, define the certification program and the certification authority. Further, the project duration is for 3 years.

NPCI, on behalf of banks in India, is setting up - Rupay - the Indian domestic card payment network which has the approval of Reserve Bank of India. Rupay intends to bring down the overall transaction cost for the banks in India, provide card payment options to banks, develop products for financial inclusion of the common man and thereby build an environment to shift cash payments to electronic payments.

Thinksoft Global is a specialist in financial software testing with over 14 million person hour track record for global 500 financial and insurance organization in USA, UK, Europe, India and Asia-pacific.

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