VSoft’s payments app bags NPCI’s UPI Hackathon

photo (2)Leading banking technology solutions and services provider VSoft Technologies has emerged as a winner in  the recently concluded hackathon organised by National Payments Corporation of India (NPCI) to mark the launch of its much awaited payments infrastructure platform— Unified Payments Interface (UPI).

Notably, a total of 3,819 teams, apart from VSoft, competed in hackathon for the prestigious honor.

‘Jeb’, VSoft’s mobile payments offering in integration with the UPI, enables users pay and receive money instantly through mobile phone. The users don’t need to carry cash to make their payments and they receive money right into their account.

Every transaction, now, becomes super easy with VSoft’s Jeb mobile app. The user can add any bank accounts and view the balances on a single platform. The interactions can be driven by voice or the users can interact with the application in their preferred regional language. Users can also make use of the inbuilt QR code scanner and contacts lookup features for payments and collections. Designed for quick and easy transactions i.e. lesser clicks no matter what the task is.

With inbuilt security features that are compliant with regulatory requirements such as multi factor authentication and other intrinsic characteristics like regional language support and voice command inputs, Jeb is a catalyst in making payments cashless and hassle free.

Jeb is not a wallet but it is a payment channel that enables Banks to compete with the wallets. “Jeb has been developed to bring convenience in the payments regardless whether the end user is a big corporate, small merchant or a common user. I thank NPCI for the opportunity given to participate as well as exhibit our wares and the recognition bestowed upon us,” Chairman and CEO, VSoft Technologies, Murthy Veeraghanta said.

About VSoft Technologies: VSoft is a leading technology solutions and services provider for the banking industry. The company’s core banking, payments and digital banking solutions reduce cost and maximise efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels.

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