Financial Daily from THE HINDU group of publications
Monday, Feb 13, 2006
Financial Daily from THE HINDU group of publications Monday, Feb 13, 2006 |
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Info-Tech
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Software R.S. Soft banking on payment systems Our Bureau
Kolkata , Feb.12 SOFTWARE and service offerings to the global payment systems industry will be a major driver of revenue growth for R.S. Software (India) Ltd. The company has unveiled its plans for the industry. The total revenues generated by companies in the US payment systems industry in 2004 were $250 billion, said Mr Raj Jain, Managing Director of R.S. Software (India) Ltd. Addressing newspersons here, Mr Jain said the global payment systems industry comprised companies such as Visa, Master Card, Nova, Pay Pal and Western Union that facilitate the electronic transfer of money. R.S. Software has built up core competencies for the integration of technologies in global payment systems. "Our vision is to be the leader in providing quality software and services to leading payment systems companies globally," Mr Jain said. Towards this end, the company plans to augment the headcount at its Kolkata operations from 450 to 675-700 within the next one year. It also plans to add 60,000 sq. ft. of space at the Salt Lake Electronics Complex here, where it is already operating. Currently, 80 per cent of R.S. Software's revenues come from services and offerings to the payment systems industry.
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