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Payment solution provider Girmiti Software joins nexo standards

nexo standardsPayment solution provider Girmiti Software has joined the membership base of industry association nexo standards, becoming the first Indian company to do so.

nexo standards enable fast, interoperable and borderless card payments by standardising the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders. nexo’s messaging protocols and specifications adhere to ISO20022 standards, are universally applicable and freely available globally. Headquartered in Brussels, its members represent the full spectrum of card payments stakeholders, including acceptors, processors, card schemes, payment service providers and vendors.

Girmiti will join at the Associate Membership level and will actively contribute to the activities of the association and support the development of the nexo messaging protocols and specifications worldwide. Specifically, Girmiti will provide payment solutions for customers utilizing the nexo FAST Specification and the nexo Acquirer, nexo Retailer and nexo TMS Protocols.

“Over the next six months, we are embarking on a mission to offer end-to-end nexo solutions to our customers,” said Sanjeev Patil, Founder and CEO, Girmiti Software. “Becoming a member of nexo standards and integrating the protocols and specifications enables us to provide secure, cross-border solutions. We truly recognize the value the nexo specifications can bring to the payments domain and we are excited to collaborate with other nexo members to address and overcome some of the challenges currently facing the payments ecosystem.”

Girmiti Software provides payment services including digital issuance for HCE and NFC wallets, prepaid, mobile payments, terminal management system, trusted service manager, acquiring, point of sale and tokenization solutions. It also provides services for banks, processors, acquirers, retails, transit, telecom, e-commerce and original equipment manufacturers.

“We are delighted to welcome Girmiti as our first member from India,” comments Claude Brun, Chairman, nexo standards. “Its participation in our association is a real landmark moment for us as we continue in our efforts to engage with and represent a broad range of global payments players. The addition of such an influential player from this region, together with the recent membership of two significant payment players from China, demonstrates the growing interest in our standards across two of the most populated payments markets in the world.”

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