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FSS ties-up with GlobeTel Communications

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CIOL Bureau
New Update

NEW DELHI: Financial Software & Systems (P) Ltd (FSS), an epayments solutions provider, has formalized the business partnership with GlobeTel Communications Corp (GTE).

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Under this partnership, FSS & GTE will work together to develop and market Stored Value Programs and Money Remittance solutions. They will initially target the millions of existing banking customers and US $12 billion Indian remittance market.

The partnership will provide FSS an opportunity to launch a robust solution combining FSS' distribution channel and financial transaction solution and GlobeTel's advanced Stored Value Card technology platform.

The FSS partnership with, GTE - a leader in Stored Value Products and fund remittances - is yet another opportunity that will bring to the Indian banking industry technology that is world class and proven. FSS's EFT solutions and outsourced services power majority of ATMs and Point of Sale (POS) Terminals in India, controlling majority of the Electronic Funds Transfers in the country.

FSS plans to double their ATM and POS deployment in the next three years. FSS, through FSSNeT, provides third-party processing as an outsourced application service for a large number of top banks in India.

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