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RIG SWITCH

UPI ENABLE REGULATING SWITCH

Our concurrent multi-currency payments ecosystem is designed to support Banks, Merchants, and Money Service Businesses (MSBs) with advanced transaction capabilities, including UPI, M2M (Machine-to-Machine) payments, AVRM (Automated Verifiable Remittance and Money Exchange Machine), ATM, DBU (Digital Banking Unit), and Bank on Wheels payments. This robust system facilitates seamless, secure, and efficient financial transactions across multiple platforms, enabling real-time, cross-border payments, and innovative digital banking solutions.

 

UPI ENABLE RIG SWITCH 

‌RIG (Regulating Interface Gateway) Switch for Banks and Money Service Businesses (MSBs) that enables centralized and interoperable transaction technologies.


FXS - Foreign Currency Exchange Switch

Switch to handle multi-currency money exchange with robust security features for seamless and secure transactions.

CRS  -  Cross border Remittance Switch

Secure and efficient Cross-Border Remittance Switch (CRS) designed for real-time international money transfers.

RIG - Regulating Interface Gateway For Banks

UPI Enabled, EFT processing and switching system including Remittance and Money changing transactions for All type of machine and electronic transaction.

DCT - Digital Transaction Switch

Switch for tethering app and gateway systems, including remittance, money exchange, and all types of digital and electronic transactions.

RIG FEATURES

UPI White-Label PSP Mobile Application, a customizable UPI tethering app integrated with Digital Banking Units (DBU) and Bank-on-Wheels tracking, offering seamless payment solutions. This app ensures secure transactions, real-time tracking, and interoperability while enabling banks and financial institutions to enhance customer engagement and operational efficiency.



Money Remittance Without Middleman

Enables direct money transfers, eliminating intermediaries to reduce costs and delays.


Connected Intelligence for Inward and Outward Remittance 

Seamlessly manages both inward and outward remittance flows with advanced intelligence and automation.


Integrated With Remittance and Financial Switch 

Links to centralized remittance and financial switches, ensuring real-time processing and interoperability.


Cross-Border and National Remittance 

Supports both domestic and international money transfers, ensuring compliance with relevant regulations.


UPI Technology Enabled Features

Incorporates Unified Payments Interface (UPI) for instant and secure remittance options.


Multi-Regulator Approved Machine

Designed to interface with multiple regulatory bodies, ensuring interoperability and compliance across jurisdictions.


Country-Dependent Dynamic Compliance 

Adapts to country-specific regulatory requirements, including Know Your Customer (KYC), Anti-Money Laundering (AML), and taxation rules.


AI-Based Risk-Based Approach (RBA) 

Leverages AI to assess and manage transaction risks dynamically, ensuring secure operations.



AI-Based Suspicious Transaction Reporting (STR) 

Automates detection and reporting of suspicious activities, enhancing compliance with AML regulations.


AI & M2M Enabled PEPs Screening

Identifies and screens transactions involving politically exposed individuals to prevent financial misuse.



Cash Transaction in Any Remittance 

Supports physical cash management for remittance transactions, ensuring seamless integration of cash and digital systems.



Digital Money or E-Money in Remittance 

Facilitates remittance using digital or electronic money, bridging the gap between cash-based and digital ecosystems.


RIG FEATURES

Transaction Routing and Switching: Efficiently route and process transactions between different financial institutions, payment gateways, and service providers.

Interoperability: Ensure seamless integration with various banking systems, UPI networks, remittance platforms, and currency exchange services.

Security: Implement robust security measures, including encryption, fraud detection, and compliance with regulatory standards like PCI DSS for transaction security.

Scalability: Handle high volumes of transactions with minimal latency, ensuring quick and reliable service even during peak times.

Real-time Processing: Support real-time transaction processing to facilitate instant payments and remittances.

Multi-Currency Support: Enable currency conversion and cross-border transactions with dynamic exchange rate management.

Audit and Compliance: Maintain comprehensive logs for auditing purposes and ensure compliance with local and international regulations.


OUR CUSTOMERS

We proudly serve banks and Money Service Businesses (MSBs) worldwide, delivering tailored solutions to enhance their financial operations, compliance, and customer experience.


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