siliconindia | | May 201719The National Payment Corp. of India took the initiative and published the offline payment standards that other payment schemes like Master Card, VISA etc. too can adopt.PayCraft has been a preferred partner for consulting, services and products to support the conceptual-ization, development and implemen-tation of the open loop specs for card based payments in transit and toll space. Along with other participants like NPCI, Axis Bank, KMRL, ICI-CI Bank and BMTC, PayCraft today plays a significant role in supporting the roll out of the EMV based open loop payments system for mobili-ty across mass urban transport and metro plans.The Three Hats ­ Consultancy, IT Solutions & Managed Services PayCraft has an amazing build out story to convey. In a short span of time the company has carved a niche for itself starting as a Consultant and domain specialist and then branching out to developing IT based Solutions & finally offering IT based platform services on cloud to clients. "We have been able to wear these three hats effortlessly as an organization because our ability to build a team of cross-functionally excellent people", says P.T.Suresh, who along with Ravi Jain, founded PayCraft and manages it. "Our success so far is due to the fact that between me and Ravi, we have been able to tie several silos of business development expertise together, create synergies, and then lead people who will put their plans into action", continues Suresh.The strategy has worked well and by deploying technologies us-ing EMV and NFC standards on card and mobile, PayCraft has been able to carve a niche for themselves in the payment world. The approach of Pay-Craft has been to hand holding client from strategies and business plans to systems that need to be deployed and maintained to support the busi-ness. This is reflected in PayCraft being a preferred partner for payment solutions to global/domestic payment schemes, banks, transit agencies, card & terminal OEMs, global consulting companies, payment processors, gov-ernment agencies, e-toll collection players, and payment processors."Our current solution suites are bestowed on extremely flexi-ble business models where in many cases we even invest in the tech-nology side of client's own busi-ness model and offer revenues linked business generation," adds Angaj Bhandari, the Chief Business Officer who considers PayCraft the pioneer in India for having designed & implementing the unique offline and online payment system on a single platform."Despite just playing the technol-ogy/advice provider role, we address end-to-end client requirement rang-ing from understanding market to designing of products/processes, pro-viding robust IT platforms, project management and much more," adds Amul Mutha, the Chief Technology Officer from PayCraft. PayCraft's highly customizable IT solutions facilitate anything from Card Management Systems (Prepaid/Debit & Credit) to Automatic Fare Collection (Open & Closed Loop), Intelligent Transport Management Key Management: P.T.Suresh, Co-Founder & Director Ravi Jain, Co-Founder & Director Angaj Bhandari, Chief Business Officer Amul Mutha, Chief Technology Officer Priya Ajit, AVP Product Management Shweta Shukla, AVP Product Management Pankaj Ganguly, Head Project ManagementOffices: Mumbai (Headquarter)2017MANAGEDSERVICE PROVIDERS10 MOST PROMISING P.T.Suresh, Co-Founder & DirectorAmul Mutha,Chief Technology Officer
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