FSS Technologies, a global payment technology and a payment processing company, has launched Embark, an ‘Acquiring Platform as a Service’ offering for Acquiring Banks, and Payment Aggregators.
Speaking on the launch, K Srinivasan, Global Chief Revenue Officer FSS, stated: “Medium and small businesses are on the frontlines of the global economy. With Embark our objective is to bring MSMEs into the digital payment fold, a crucial step for sustainable economic and payments growth across markets. We want banks and other ecosystem players to collaborate with us in this journey and create a true network effect that would encourage adoption of digital payments and spur local entrepreneurialism and commercial activity.”
Commenting on the latest offering, Sandeep Gomes, Global Business Head Acquiring FSS, stated: “The digital wave is reinventing the MSME marketplace across the globe. Embark offers industry players a real opportunity to profitably tap into the underserved MSME segment by adopting ecosystem models to create a ubiquitous payment acceptance network and achieve service differentiation on the strength of innovative products and superior business models.”
With Embark acquiring banks gain access to an underpenetrated MSME market via strategic partnerships, according to the official press release. Financial Software and Systems (FSS) offers an integrated portfolio of software products, hosted payment services, and software solutions built over 29+ years of experience. Headquartered in Chennai, India, FSS services global banks, financial institutions, processors, central regulators and governments across North America, UK/Europe, ME/Africa, and APAC and has 2,500 experts on-board.
