RS Software up 9% after RBI launches Unified Payment Interface

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26 Aug, 2025 12:21

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Shares of RS Software India climbed nearly 9 percent intraday Monday after the Reserve Bank of India launched Unified Payment Interface (UPI).

Kolkata-based IT company is a technology provider to National Payments Corporation of India (NPCI) for UPI. NPCI is an umbrella organisation for all retail payments system in India.

The Reserve Bank of India today launched the Unified Payment Interface (UPI), which will make money transfers simple.

"We are humbled to be part of this revolutionary initiative, and actually getting the opportunity to build this for NPCI and country," Raj Jain, CMD of RS Software said, adding this is the vehicle that will bring together Prime Minister’s Jan Dhan Yojana, Aadhaar and Mobile.

The company, which built the UPI software, has been focusing on electronic payments system for over two decades.

The company will continue to build various applications for the software, said Jain, adding that there are several more features in the works for UPI — whether it is for disputes, whether it is for chargebacks or for reverse transactions.

The company has already accrued revenue of around Rs 4 crore from this project, he said, adding it plans to launch its own digital payment platform later this year.

In February, RS Software bagged additional projects from National Payments Corporation valued around Rs 36 crore to be executed and supported over a period ranging from 3 to 5 years.

At 14:24 hours IST, the scrip of RS Software (India) was quoting at Rs 86.20, up Rs 5.35, or 6.62 percent amid high volumes on BSE.Posted by Sunil Shankar Matkar