NPCI, Payso partner to create digital payment awareness

Finternship is an eight weeks internship program for about 600 graduates and postgraduates students of prime institutes to make them digitally sound.

NPCI May 10th 2018

National Payments Corporation of India (NPCI) has collaborated with Payso Fintech in a bid to create awareness about digital payments in four cities namely, Mumbai, Pune, Bhopal and Indore. Under the association Finternship, an eight weeks internship program will be organised for about 600 graduates and postgraduates students of prime institutes to make them digitally sound. These students will undergo a certified training program free of cost and post the training they will reach out to merchants in order to help them accept cashless payments. Earlier this week the program was started in Mumbai and it will also be conducted sequentially in Pune, Bhopal and Indore this month.

Kunal Kalawatia, senior vice president – Marketing & Branding, NPCI said, “We intend to enable over 12,000 merchants with BHIM UPI payments in a span of 8 weeks through this Finternship programme. We are happy to collaborate with Payso Fintech and spread awareness about Bharat Interface for Money – Unified Payments Interface (BHIM UPI) among students and merchants. Digital payments landscape has been growing with each passing year and we believe the key lies in educating the nation about the advantages of digital transactions.”

Tushar Trivedi, mentor and chief of Payso Fintech said, “We firmly believe that way forward for Indian economy to succeed is through the digital transformation. The new available digital solutions such as BHIM, Unified Payments Interface (UPI) or say QR code based technology has ability to transform off-line business activity towards on-line, as they are safe, secure, fast and accurate. There is much of the need felt for the large number of use cases where transactions are repetitive in nature and also are smaller denomination driven. Payso wishes to be the change agents who are prepared to work alongside of large network players and banks including co-operative banks and societies to ensure that the entire ecosystem is benefited with smart innovative solutions.”

About the Finternship Program: Under the Finternship program, Payso has created an on-line empanelment process after connecting and contacting colleges to emphasise on enrolling smart students. There are various filters applied to scrutinise and ensure that desired level of young students are enrolled. Everything from profile creation, enrolment to even doing specific learning on digital are offered through an online portal of Payso and each activity could be performed through the mobile application specifically created for students.