Opportunities continue to grow: As the world is going digital, the way we live and pay for what we need is going thru major transformation and hence the demand for digital payments.
As an example, Ecommerce is perhaps one of the most visible success stories of the digital age in every part of the world, including India. Clearly we have seen only tip of the iceberg. Regulators are constantly bringing about changes to help achieve inclusion in digital payments, such that it spreads to all sections of the society. Large global technology players like Apple, Amazon, Facebook, Google and investor community in general is accelerating investments in digital payments.
As a result the growth in digital payments is now a secular trend, creating ongoing opportunities for companies like RS Software. Research companies and leaders like Mckinsey are observing that the pace of growth is higher than forecasted in several markets in the world.
Research dollars are pouring into Authentication methods to reduce fraud. Acceptance infrastructure needs to expand to accommodate the demand of consumers and businesses and that of government. Strategic clarity and coherence: The execution of the last three years at the company has brought about significant learning which is bringing strategic clarity to our market facing direction in particular and coherence across all business functions. Companies that do three things together are better positioned for a sustainable course of high performance, and starting with the company continues to be focused on achieving this objective.
First, they create clarity and coherence in their strategy, articulating the differentiating capabilities that they will need to win in the marketplace. Second, they put in place an optimized cost structure and approach to capital allocation, with continual investment in the capabilities critical to success, while proactively cutting costs in less-critical areas to fund these investments.
Third, they build supportive organizations. They redesign their structures, incentives, decision rights, skill sets, and other organizational and cultural elements to more closely align their behavior to their strategy, and to harness the collective actions of their people. Gamechangers: The company has demonstrated success in building payment platforms that are gamechangers both for RS Software and for India as a country.
Even as the company is marching towards revenue level growth that it is capable of executing, there is a huge validation and reinforcement achieved in fulfilment excellence, which has strengthened the MOAT of the company forever. These principles reinforce our commitment to be an investment of choice. The rapid growth in electronic payments volume and new payment types forces payment providers to constantly revise their strategies, shorten their time to market, and create new products and services.
RS Software provides solutions to help them meet these challenges. We have played a major role in creating employment opportunities for engineers and science students who wish to join the IT industry.
We provide opportunities for summer training to engineering students in their final semesters. We also sponsor several educational programs run by charitable institutions. We have created a CSR Fund, which contributes towards building social infrastructure including education and health care facilities for underprivileged segment sof the society.
We utilize committees, have proportionate independent directors on the board, hold regular committee meetings with not more than a four month gap between meetings and publish the audited financial results every quarter. We update disclosures as required to comply with standard accounting practices and policies. We have these disclosures and revisions certified by independent auditors. Lose the paper. Prescription Assist receives prescriptions from the physician automatically.
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Providing the best software at a price that is affordable to all. We are in this business for you! We pride ourselves on offering the best support in the industry. RS School of Payments The single focus here is to provide a platform for continuous learning. RS Knowledge Management Curated leanings from client engagements, visits by industry SMEs, participation in industry events globally, and ongoing market research keeps us current at all times.
RS Accelerators and Assets Years of investment in Innovation, and the core values of the organization to be responsive to customers are the driving forces behind the development of accelerators, frameworks and products. Payments Horizon Blog. Digital Overlay Services — New Kid on the Block March 22, The first two decades of the 21st century saw new and disrupting phenomena in the payments ecosystem. Before that, the payments world was going through a monotonous journey, dominated by card-based payments… Read More.
Is it time for the Nordics to learn payments innovation from India? Read about why leading payments brands trust RS Software. Easily create and track your compounds. Formula Sharing Easily share your formulations with peers. Ease of Use Compound Assist was designed for ease of use.
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