Overview
FSS’ comprehensive payments portfolio enables Banks, Central Regulators, Governments, Financial Intermediaries, Merchants and Payment Associations To leverage opportunities in today’s dynamic digital world..
Quick Facts & Stats
Our credentials are the cornerstone
of our reputation
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800M+ Debit Cards Issued Globally
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130M+ Prepaid Cards Issued globally
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1B+ Payment Gateway Transactions
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27K+ ATMs Managed
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9B+ Records Reconciled Annually
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Asia’s Largest Integrated Payment Hub
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600M+ Mobile Banking Transactions Annually
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3B+ Payment Transactions on
FSSNeT Annually -
Asia's Largest IMPS Processor with 30% Transaction share
- Headquarters India
- Year founded 1991
- Customers 150+
- Countries 26+
- Global Offices 8
Over 150 clients
in more than
26 countries
Board of Directors
Rudhraapathy J
Wholetime Director
Rudhraa has over 25 years of management and technical experience in Banking, Securities, IT and the Payments industry. Prior to joining FSS, Rudhraa has held strategic positions at India Switch Company (ISC) and Indian Bank.
Rudhraa joined FSS in 1997 and since then, has played an integral ‘pillar’ role in consolidating FSS’ market leadership position. He initially took on the responsibility of building a customer base and setting up the FSS Development Centre in Mumbai, India. Currently, he is a Wholetime Director at FSS and shoulders the responsibility of overall business development and strategic alliances.
Our Management
V. Balasubramanian
CEO, FSS Cashtech & Paytech
V Balasubramanian's illustrious career encompasses a diverse range of roles in renowned companies, where he has consistently delivered excellence. He has contributed significantly to NPC, APTECH, ZENSAR (RPG), KEC (RPG), and eventually, Financial Software and Systems (FSS).As a passionate technologist with over three decades of experience, Balasubramanian specializes in bringing scalability to organizations and facilitating global expansion. His exceptional leadership skills have been pivotal in scaling FSS Pvt Ltd from a 200 crore to an 1100 crore firm.
Balasubramanian's core values and beliefs centre around the ethos of "Make in India" and "Made in India," exemplifying his commitment to the nation's growth and development. His vision and mission are clear: to upgrade a billion lives, bridge the digital divide, and promote financial inclusion.
V. Balasubramanian is a visionary leader who has navigated the ever-evolving landscape of the technology industry with expertise and unwavering commitment to his values. His legacy is one of transformation, bridging divides, and uplifting lives—a true testament to his remarkable journey.
Jacob Mathew
Interim CEO, FSS
Jacob is a seasoned investment banker and pharmaceutical API investor with over 20 years of experience driving M&A transactions. He began his career at Price Waterhouse, setting up their corporate finance practice and strategizing India entry plans for international clients like SAP AG, Qualcomm, British Telecom, and Amway. As Vice President (M&A) at DSP Merrill Lynch, he led landmark deals, including the AV Birla Group's acquisition of Coats Viyella's garment business, the sale of Burnol & Coldarin brand assets, and Dr. Reddy's buy-out of American Remedies. At MAPE, he closed deals for Tata Sons, Dr. Reddy's, Wipro, Godrej, Mahindras, Cafe Coffee Day, and more. Jacob has a first degree in engineering and an MBA from IIM Calcutta.
Board of Directors
Nagaraj Mylandla
Founder, Director
Mylandla is banker turned entrepreneur, Mylandla is known for his expertise and vision for the Indian payments industry. He has pioneered and spearheaded the marketing and support of retail and wholesale payment solutions in India.
As the leader at the helm of FSS and face of the company, Mylandla has molded FSS as a technology services provider with comprehensive expertise across the payments ecosystem.
Sharada Mylandla
Director
Sharada comes from a unique background of Advertising and Communication Development. During the earlier days of her career, she has consulted top advertising firms like Ogilvy & Mather, Mudra, Rediffusion DY&R and Euro RSCG.
Sharada strongly believes that technology must act as an extension of the people using them, helping make their lives simpler. Creative, passionate, acute observer, empathiser, discoverer and deep-thinker are some of the words that could be used to describe Sharada’s lively personality. At a personal level, she is very keen on helping FSS’ women employees make a mark in their careers.
Bala Deshpande
Director
Bala Deshpande is the Senior Managing Director of New Enterprise Associates (India) Pvt. Ltd based in Mumbai and is responsible for creating and building the India platform for NEA. Before joining NEA, she served as a Senior Director of Investments at ICICI Venture where she used her operational experience to identify opportunities for investment and played a strategic role in shaping the future of investee companies.
Bala has been a Director in several companies including Pantaloon Retail, Air Deccan, Nagarjuna Construction, Welspun, TechProcess Solutions, Info Edge etc. Her private equity experience has seen the full cycle from nurturing young companies to executing multiple exits including IPOs, buy-backs, strategic sales, and capital market divestments.
In addition, Bala has worked with leading multinational companies such as Bestfoods, Cadburys, and ICI. At Bestfoods, she was part of the Strategic Planning Team and was nominated for the Women Leadership Forum held at Bestfoods, New York.
Bala has a master’s degree in Economics and Business Administration from Jamnalal Bajaj, Mumbai.
Srinivas Chidambaram
Director
Srinivas Chidambaram is the Managing Director of Jacob Ballas Capital India Pvt Ltd. (JBC) and is responsible for fund investments, day to day operations of the company and supervising the management team.
Srinivas joined JBC in 2005. He has 21 years of financial services and industry experience, including 13 years of private equity experience in India. From 2001 to 2003, Srinivas worked with HSBC Private Equity (Asia) Ltd, Hong Kong, responsible for private equity investments in India and South East Asia; previously, he served with its affiliate in India for six years, based in New Delhi. From October 2003 until March 2005, he served with HCL Technologies Ltd, a leading Indian IT services company, in the USA and in India, responsible for financial institution relationships and strategic alliances in the investment banking technology and operations division.
Srinivas commenced his career with SRF Finance Ltd. (since acquired by GE Capital) where he was responsible for Corporate Finance and Investment Banking, based in Bombay. Srinivas holds a Bachelor of Commerce degree from the University of Kerala and is a qualified Chartered Accountant.
Vijendar Dwarakanath
Director
Vijendar Dwarakanath is Director & CFO of Napean Trading and Investment Company (Singapore) PTE Ltd, part of Premji Invest group. He is responsible for Singapore operations and also heads portfolio finance for few India investments in the buyout fund.
Vijendar has 17 years of experience across various Industries. Vijendar joined Premji Invest in 2021 and was initially based out in Bangalore before moving to Singapore. In addition to being a CFO of Singapore entity, he is finance partner for buyout fund in India and US growth equity investments responsible for transactions and portfolio management. Prior to Premji Invest, From 2019 to 2020 Vijendar worked in Wework as Senior Director, heading pricing, business finance & analytics. Prior to that, 2017 to 2019, Vijendar worked in Myntra as Director Finance, a fashion ecommerce company part of Flipkart group heading business finance for the company.
Vijendar started his career in Wipro Technologies in 2006 and played multiple roles across in India & UK across various divisions. In his last stint in Wipro, he was CFO for Industrial Manufacturing vertical based in UK.
Vijendar graduated with a National Rank in Chartered Accountancy course and is a member of ICAI.
Awards
A testimony of our commitment to customers
Great Place to Work
Certified for India from Feb 2024 to Feb 2025
Best Content in Digital Marketing Campaign
at Digital Dragon Awards by Indian Business Council
Best Payment Tech
at India Digital Enabler Award by Entrepreneur India
Best Payments Processor of the Year
9th Payments Industry Awards, Kamikaze Media
Best Payments Business for a Bank
9th Payments Industry Awards, Kamikaze Media
Best Payments Technology Provider
at The Next 100 Global Awards (Global Banking and Finance Awards 2021)
Best Security Solution - FSS Secure3D
at ETBFSI Excellence Awards 2021
Best Card Issuance Technology Provider South Asia 2021
at Global Banking and Finance Awards 2021
Best Financial Inclusion Payments Initiative
at Emerging Payments Awards 2021
FSS Embark wins the Best Omni-Channel Acquiring Platform-as-a-Service
at The Technoviti Awards 2021
FSS wins the Best BFSI Brand 2021
at The Economic Times Best Brands 2021
FSS wins the Best Integrated Payments Technology Provider India 2021
at The Global Banking and Finance Awards 2021
FSS wins the Best Card Issuance Technology Provider South Asia 2021
at The Global Banking and Finance Awards 2021
Best Payment Hub/Wholesale Payments Implementation
at IBS Intelligence – Global FinTech Innovation Awards 2020
Best Banking Card Service Provider of the Year for FSS Prepaid CMS
at Payments and Card Awards 2020
Best Online Payments Solution of the Year for FSS Payment Gateway
at Payments and Card Awards 2020
Best Digital Baking Solution of the Year for FSS Omni-Channel Banking
at Payments and Card Awards 2020
Top Reconciliation Solution Providers – 2020
at Banking CIO Outlook
Best Back Office Innovation Southern Asia 2020 for FSS Smart Recon
at the 10th Global Banking & Finance Awards
Best Back Office Innovation India 2020
at the 10th Global Banking & Finance Awards
Fastest Growing Payment Solution Provider Middle East
at the 10th Global Banking & Finance Awards
Best Alternative Digital Payment Program for FSS eFinclusiv
at World Payments Awards 2020
Best Online Payment Solution for FSS Payment Gateway
at World Payments Awards 2020
FSS Voice Commerce wins the Technoviti Awards 2020
Best B2B Payments Solution Provider of the Year
at Customer Fest Leadership Awards 2020
Indian Payments Technology Transaction Processing Services Product Line Strategy Leadership Award
at Frost & Sullivan India Best Practices Excellence Awards, India, 2019
Best Online Payment Solution
at ETBFSI Excellence Awards 2019, India
Best B2B Payments Solution Provider of the Year
at Payments & Cards Awards, India, 2019
Best Anti-Fraud and Security Solution for FSS Secure3D
at Payments & Cards Awards, India, 2019
Best White-Labelled Payment Gateway for FSS Payment Gateway.
at Payments & Cards Awards, India, 2019
Best ATM Managed Services Provider of the Year
at Payments & Cards Awards, India, 2019
Best Adaptive Authentication Solution for FSS Secure3D
at Global Banking & Finance Awards, Europe, 2019
Best Online Payment for FSS Payment Gateway
at Golden Globe Tigers 2019, Malaysia
Best Prepaid Card Product for FSS Prepaid CMS
at Golden Globe Tigers 2019, Malaysia
Best Alternative Payment Solution for FSS eFinclusiv
at Golden Globe Tigers 2019, Malaysia
Technoviti Awards 2019 for Technology Innovation in Financial Services (FSS Secure3D and FSS Paynalytix-As-a-Service)
at Technoviti - Banking Frontiers, India, 2019
Best Alternative or Digital Payments Program of the Year
at Payments & Cards Awards, India, 2018
Best White Label Payment Gateway of the Year
at Payments & Cards Awards, India, 2018
Best Mobile Experience (International Fintech) Award
at Customer Experience Summit, USA, 2017
Debit Card Initiative of the Year (implemented for State Bank of India)
at ABF Retail Banking Awards, India, 2017
Best ATM Managed Service Provider of the Year
at Payments & Cards Awards, India, 2017
Best Banking Cards Service Provider of the Year
at Payments & Cards Awards, India, 2017
Best Mobile Experience Provider Award for FSS AadhaarPay
at Best in Bank Customer Experience Summit, USA, 2017
Best Alternative Payments Project for FSS AadhaarPay
at Annual Payments Awards, UK, 2017
Best Retail Payment Project for FSS Prepaid Card Management Solution (implemented for ICICI Bank)
at The Asian Banker Technology Innovation Awards, India, 2016
Technoviti Awards 2016 for Technology Innovation in Financial Services
at Technoviti - Banking Frontiers, India, 2016
Industry Associations
Global Partner and Alliance Network
Winning partnerships to foster growth
Corporate Social Responsibility
We’re payment technology professionals with a heart
At FSS, we believe profits are not all that matter. Our CSR policy is based on the principle that everyone in a society must have unbiased access to quality Education and Healthcare. And that is why we partner with leading NGOs in these domains,
enabling them to play an instrumental role in the wellbeing of financially underprivileged citizens or communities. Our associates are also proud participants in community-welfare and awareness initiatives.
Should you want to get in touch with us for CSR initiatives, please write to info@fsstech.com with ‘CSR’ in the subject line. Please click here to see our Corporate Social Responsibility Policy.