Polaris launches NACH-ready payments services hub for India

MUMBAI, INDIA: Polaris Financial Technology Ltd's iGTB division, provider of the world's first complete Global Transaction Banking platform, has launched its NACH-ready India Payments solution.

The solution is compliant with major payments systems in the country including National Automated Clearing House (NACH), Next-Generation Real Time Gross Settlement (NGRTGS) and National Electronic Funds Transfer System (NEFT).

With the emergence of NACH, a high rate of adoption is foreseen making it imperative for banks to have a strategic roadmap for the adoption of NACH. This would include product innovation, operational reconstructs and cutting edge technology adoption.