A Digital Payments company with Aadhaar based New Age Digital Payment Solution for the billion people with or without phone and with or without bank account or active bank account.
TA has made investments in strategic licenses to enable the Company to carve out a niche position in the Indian Market.
RBI licensed Payment Systems Operator
UIDAI licensed Authentication User Agency & KYC User Agency
NPCI licensed IMPS Partner
These licenses are essential to provide prepaid payment products in India as the country is highly regulated and companies are expected to follow all the Government laid out norms to provide such services.
TA has built its own product, which ensures that it can rapidly adopt new technologies and integrate with various Government services quickly, so essential in scaling up its operations.
TA with its strategic licenses, compliance with regulatory requirements, partnership with State Governments, its product IP and core team of Payments specialised Industry experts is well positioned to make the best use of the present market conditions and rapidly scale up its operations.
BAI (USA) Finalist in Global Innovative Awards In Payments – Oct 4, 2017
First Company in India to launch Aadhaar linked wallet
First Company in India to provide smart card linked to regular Banking System for providing cashless campus solutions
First Company to launch a Co-Branded State-owned wallet with Telangana Government.
First Company to launch a PSU wallet for ITI Limited.
(TA IS A RBI LICENSED PAYMENT SYSTEM OPERATOR, UIDAI LICENSED AUTH & EKYC SERVICE AGENCY AND NPCI AUTHORIZED CERTIFICATION AND IMPLEMENTATION PARTNER)
Transaction Analysts (India) Pvt. Ltd (TA) understands that each industry encompasses specific features that make their Payment Processing Solutions unique. Whether it is a bank, educational institution, government or the corner grocery store, TA understands the complexity of accepting and managing Payments within these distinctive industries and has responded to customers’ needs by developing a variety of Solutions tailored to fit the industries specific standards.
TA is a Solution engineering company specialising in Products and Services in all areas of Payment Systems. TA has vast experience in payment technologies with proven knowledge in market-leading software products.
TA offers streamlined Payment Processing Solutions to help you increase sales opportunities while reducing your operational burdens and enhancing your day-to-day efficiency. With our experience and customised Solutions our consultants are ready to assist you in finding the best Payment Solution or multiple Solutions with the greatest overall potential to fit your needs – whether it is ATM, POS, Mobile, Cards etc.
TA offers unbeatable service and best-in-class technology that spurs business growth and ensures you can always complete a transaction—be it ATM, POS, Mobile, Cards etc.
TA has successfully delivered international projects in ATM, POS, Mobile transaction processing, optimisation, solution design, implementation, testing and end-to-end application support to all types of organizations, from retailers to some of the world’s largest banks and Payment Processing Organizations. The unique feature is that TA has the ability to customize the solution as per individual requirement looking at the complexity and dynamic features of today’s Payment environment.
TA is working very closely with National Payments Corporation of India, Institute of Development of Research in Banking Technology (IDRBT) under Reserve Bank of India, and all the leading banks of India for Payment related process improvements and new initiatives in Payment Technologies.
Transaction Analysts (India) Pvt. Ltd. has successfully completed a unique project with NPCI – “ATM Dispute Analysis” for 55 banks in India with the support of premier USA Debit Network (Pulse) and has setup a benchmark for the banks in India regarding ATM operations. It has also done High Availability Analysis for Australian Bank and merchant and Bank profitability for USA banks and merchants in the Payment Systems area. TA’s prestigious clients include major banks – SBI, AXIS, BOI, CBI, OBC, CNB, Syndicate, Federal, LVB, Vijay Bank, SIB, CUB, Corporation etc. and major educational institutions like IDRBT, T-John Group of Institutions, VIT and Dayananda Sagar University. Transaction Analysts (India) Pvt. Ltd. is also the certifying agency of NPCI for ATM LTS/TVS transaction processing for the banks in India and partner for implementing new products and services of NPCI. TA believes in ‘out of box’ thinking and extends support to its clients in the Payment System area beyond limits.
Hosting Center – Primary and Back up at Mumbai, DR at Bangalore
Processed 15M Aadhaar and 3M Digital Wallet Transactions in last 12 months
Daily processing 2 lakhs of Aadhaar and 10K Digital Wallet transactions
Consistently Profitable, Debt Free and Self Funded with ready products and licenses
50+ clients and 45+ team for product and services
Products Integrated with Multiple Indian Banks
PROBLEMS TA TRYING TO SOLVE
Problem 1: The absence of real-time money transfers in rural areas due to the inaccessibility of banking services creates friction. There are more than 150M Migrant labourers in India who need quick money transfer services at their convenience.TA with its Digital Partner network spread across Cities, Towns and Villages provides the point of presence at easy to reach locations with extended hours of services to such migrant labourers saving them valuable time and money.
Problem 2: Convenient access to Aadhaar Services is generally not available, resulting in under utilization of the service in India. More than 1 Billion Aadhaar cards are issued.TA with its Aadhaar linked Digital Payment Solution available at any location in the Country including rural areas is working hard to bridge this gap.
Problem 3: Accessibility to electronic bill payment is not available to a large segment of the population. There are more than 900M people above the age of 15 coming into digital payments.TA with its Digital Payment Solution integrated with multiple Government Services and Utility Bill Payment services and its footprint across rural India is solving this issue in partnership with State Governments.
MEET THE TEAM
MR. SRINIVASA KATURI
Mr. Katuri is a Founder and Managing Director of Transaction Analysts (India) Pvt. Ltd (TA), Payment Systems specialized company with a Prepaid Payment Operator license from RBI, Authentication and EKYC license from UIDAI, Domestic Money transfer using IMPS from National Payments Corporation of India (NPCI) and Certification Agency of NPCI. Under his direction, TA has built many innovative products in Digital Payments, Aadhaar authentication, KYC to promote Cashless Payment Products for Colleges, Malls, Temples, Tolls, Hospitals, Large Residential Complexes etc. TA processes lakhs of transactions every month with 50+ clients.
He has close to two decades of USA experience in running large Payments Systems of banks and merchants. He is currently chairman of ATMIA (India), world’s largest ATM Industry Association. He contributes to Indian banks as an adjunct faculty, SME, Payment Systems, IDRBT, a RBI Banking Technology Institute, Hyderabad. He was a technology advisor for NPCI (2009-10). He is also currently works as Managing Partner of Optimized Payments Consulting (USA), and Director of Paragon Data Services (USA). He Presented papers, delivered key note in various forums in India and USA on State, National and International industry policies and best practices in Payment Systems. He has conducted 30+ Payment Systems programmes to 70+ banks in the last 5 years in India as adjunct faculty, Payment Systems, IDRBT.
Mr. Katuri has done his bachelors from Silver Jubilee College, AP, engineering in computer science from Hyderabad Central University and Masters from California State University, Sacramento, USA. Mr. Katuri is involved in several charitable organizations including literacy, education including his own Katuri foundation for the last 8 years to support to continue the education of several under privileged young kids in rural India.
WE ARE A PAYMENT SYSTEMS SPECIALIST ENTERPRISE AND HOLD PRODUCT IP AND LICENSES FOR MOBILE WALLET, AADHAAR E-KYC AND DOMESTIC MONEY TRANSFER (IMPS) SERVICES SPREAD ACROSS PAN INDIA CUSTOMERS AND OVER 7 MILLION TRANSACTIONS PER MONTH.
“Special Award from NPCI on Aadhaar Enabled Payments and Digital Wallet” on 08-March-2017
“TA MD & CEO Mr Srinivasa Katuri addressing ThinkNext 2016 gathering on 7th December 2016)”
TA Team with Microsoft India Chairman, Mr Bhaskar Pramanik at ThinkNext 2016 on 7th December 2016)
Jusun Lee Director Enterprise Business, Mobile Communications Business, Samsung Electronics along with Sheshanth and Uday. Meeting TA to discuss opportunities in Digital India initiative.
At “12 th INDIA INNOVATION SUMMIT 2016”
Business leadership Award on the occasion of 41 st National Seminar, New Delhi on 5 th August 2016.
Microsoft CEO Mr. Satya Nadella’s Inspiring speech about Transaction Analysts in ‘Future Decoded’ event held in Mumbai, India – February 2017.