RS Software Ltd., a technology solution provider to the global digital payments industry, today announced it has been awarded a contract from the National Payments Corporation of India to build a digital payments platform to accommodate the continuing growth of e-commerce and digital payments in India, according to a press release.

RS Software said the project will feature a "unified payment interface" that enables financial institutions to innovate and launch mobile payment products by offering access to the secured digital payments platform through APIs that harness the power of the existing payment infrastructure. 

The NPCI platform will enable consumers to send and receive money electronically without requiring bank account information. The platform will have a two-factor authentication to prevent misuse and ensure that funds go to the intended recipient, according to the announcement. NPCI also will offer to help smaller-scale banks that do not have the necessary infrastructure to set up their own digital banking products.

"We intend to utilize RS Software's expertise for fulfilling advanced needs of the customers to perform instant payment transactions. Our strategic association with RS Software foresees a significant contribution to the digital revolution we aim to achieve in the payments arena," said A. P. Hota, M.D., CEO of NPCI. "NPCI"s decision to award the contract to RS Software for this development is based on our assessment of RS Software's capabilities which will help us to offer next generation peer-to-peer payment services in near future."