InfrasoftTech, an India-based financial technology firm, has launched digital banking solution QRys for contactless payments.
The new offering simplifies contactless payments using QR codes and NFC enabling card-less payments with high security.
InfrasoftTech claims that its newly launched product offers one click card-less payments for purchases at e-tailing sites or retail outlets alike, hence keeping the control of payments authorization in the hands of the consumers (clients of the banks).
QRys (read as Curious) can also be used for card-less ATM cash withdrawals and related services.
Speaking at the launch, InfrasoftTech managing director & CEO Rajesh Mirjankar said: "We are pleased to dedicate this facility to our client banks to visualize how modern digital banking solutions can enable them to provide mobile enabled payment solutions both as card-less payments and card based payments.
"We believe that with the launch of QRys, financial institutions can now offer a cost-effective and secure mode of contactless payment not only in the urban areas but also to rural masses."