Achievements
Being a pioneer in the sector, Sarvatra Technologies has continuously evolved into a leading end-to-end solution provider for urban, semi-urban and rural banking sectors, thereby always striving to stay ahead on the technology curve.
Some of our pioneering achievements and accolades are:
- India’s first CBDC platform, viz. Digital Rupee
- One of the first UPI platforms in India
- India’s first AePS
- India’s first bank live on IMPS
- India’s first ASP certified by NPCI to provide Switch-to-Switch connectivity under sub-membership model for nationwide connectivity through NFS’s ATM and IMPS network
- India’s first bank to go live on RuPay Debit and RuPay ECOM
- PoC of another game-changing product, viz. ID-less Payments Platform, is successfully done
- Winner of the Economic Times BFSI Innovation Tribe Award 2018 in “Technology” category for ‘Sarvatra EFT Switch’
- Awarded “Best Banking Tech” of the year 2019 by IAMAI (Internet And Mobile Association Of India) for ‘Sarvatra EFT Switch’
Product Evolution
-
2000
Total Bank Automation (TBA)
We started out with our TBA product specifically designed and developed for use by the urban co-operative banks in India.
-
2006
POS-based Banking, CBS
To overcome infrastructural hurdles of co-operative banks, we developed our patented POS-based solution, in addition to a conventional CBS.
-
2010
EFT Switching (ASP model)
We were the first ASP in India to go live with NPCI and offer EFT Switching services on a shared basis to our client banks. Today, we maintain our leadership position with 54% market share in RuPay NFS sub-membership.
-
2013
KCC for PACS, AePS & eKYC, India's first POS-based ATM
We continued pushing FI solutions that work at the last mile. We started working on AePS which allowed online transactions at Micro ATM through the authorized BC or Agents using Aadhaar authentication.
-
2014
IMPS Switch, IMPS Credit Facility
In 2014, we pioneered the deployment of the IMPS Credit Facility service (under NPCI’s sub-membership model) at The Pandharpur Merchant Cooperative Bank. We continued offering latest services like IMPS and innovative solutions to our clientele, ensuring that they stay ahead.
-
2015
E-com, IMPS at Branch, VAS, Mobile Banking App (White Label)
We helped our clientele adopt the trending digital payment solutions like e-commerce and mobile banking solutions to keep their end customers satisfied.
-
2016
UPI Switch, UPI Mobile App
We became one of the first to roll out UPI in the country by launching Sarvatra UPI Switch, which was based on the same proven robust switching platform as Sarvatra IMPS Switch. It implements complete UPI functionality and has been operational since the launch of UPI in April 2016.
-
2017
Aadhaar-based Payment App, Cash@POS, Prepaid Cards / Wallet Host, Assisted E-Commerce, NETC, BBPS
We were proactively widening the range of our payments platforms, adding prepaid and other platforms to build an exhaustive payment products stack.
-
2018
CardSafe Card Security App
To directly empower the end customer to control their card usage, we developed an app that allows the customer to enable various channels and to set daily transaction limits per channel
-
2019
Integrated Payments Platform, eHub Payments Portal
Having developed various payment platforms and switches, it was only a matter of time before we integrated all of them together in a seamless manner. And to monitor and manage all these platforms, we developed a web-based single-window application.
-
2023
Digital Rupee (CBDC)
True to our reputation as the pioneer of payment systems, we were the TSP that developed India's first CBDC RTSP platform
-
2024
Sarvatra Rewards
To share the benefits of booming digital payments, we developed Sarvatra Rewards, India's first bank-led rewards program for UPI users, in collaboration with Single.id
We have embraced new technologies and, as we go on towards the future, we intend to exploit the full potential of new technologies to empower our clientele.
Sarvatra’s Financial Inclusion Platform with AePS Switch, Micro ATM Switch, and FI Portal solutions have made a big difference to our business. They are easy to use, secure, and dependable, which has helped us build stronger customer trust. We’ve also seen a clear increase in transactions and earnings.
I am happy with the pace of work (in developing the UPI solution for ICICI Bank). It is also very encouraging the way you are tracking the progress. I am more confident that we can meet the deadline successfully.
Congratulations for bringing all 24 Banks onto NPCI Rupay platform in record time. We thank you for the relentless efforts you have put in to make this possible. We will now move forward with new initiatives.
We became India’s first Sub-Member Bank to go live on RuPay E-com, issue EMV cards, and migrate to Direct Membership for which we won NPCI Special Award. Thank you Sarvatra for being a valuable technology partner.
I hereby congratulate the Sarvatra Team for your sincere and dedicated efforts in making the 1st sub-member bank in India to go live on the AEPS channel (On-us and BFD).
Thanks to your timely support, Maharashtra stood first in the country by issuing the largest number of RKCCs. We deeply appreciate your effort and look forward to your continued support in keeping Maharashtra on top.
