# RS Software

> RS Software is a payments-focused technology company headquartered in Kolkata, India, with a US office in Milpitas, California. Founded by Raj Jain, the firm has spent more than three decades building payment infrastructure for banks, processors, networks and central institutions. It is the team that engineered core pieces of India's public payments stack, including the Unified Payments Interface (UPI) and the Bharat Bill Payment System (BBPS) for NPCI, and today offers a suite of cloud-native, API-led products for real-time payments, bill payments, switching, fraud and risk under a Payment Platform as a Service model.

- **Founded:** 1987
- **Headquarters:** Kolkata, India (US office: Milpitas, California)
- **Founders:** Raj Jain (Founder, Chairman, Managing Director & CEO)
- **Team size:** ~160 employees (per provided dataset; has reported larger headcount historically)
- **Products:** RS ConnectEdge, RS iFinSwitch, RS RealEdge, RS DigitalEdge, RS RTPS / RS BillAbhi
- **Notable:** Part of the engineering team behind UPI, the world's largest real-time payment rail, Developed the central unit of India's Bharat Bill Payment System (BBPS) for NPCI, RS ConnectEdge went live in September 2023, onboarding multiple banks for UPI/BBPS connectivity

## Products & services

- **RS ConnectEdge** — A payment processing platform that lets banks and fintechs connect to UPI and BBPS with almost no capex; went live September 2023 with multiple banks onboarded.
- **RS iFinSwitch** — A PA-DSS certified payment switch supporting card-present and card-not-present EMV transactions across many acceptance channels and processors.
- **RS RealEdge** — Proprietary platform enabling banks and payment service providers to integrate with the UPI Central platform in India.
- **RS DigitalEdge** — Built within UPI, it lets fintechs such as Google Pay and PhonePe leverage UPI's standardized API-based payment messaging to deliver real-time payments.
- **RS RTPS / RS BillAbhi** — Platforms addressing real-time payments and bill payments demand.
- **Payment Platform as a Service (PPaaS)** — Cloud-based, subscription model that provides end-to-end payment processing capability to financial institutions without owning the infrastructure.
- **Enterprise Fraud & Risk Platform** — A fraud and risk system protecting a large share of India's digital payment transactions at very high transaction volumes.
- **Services** — Custom application development, application maintenance & support, quality assurance & testing, and strategic consulting for the payments industry.

## Achievements

- Part of the engineering team behind UPI, the world's largest real-time payment rail
- Developed the central unit of India's Bharat Bill Payment System (BBPS) for NPCI
- RS ConnectEdge went live in September 2023, onboarding multiple banks for UPI/BBPS connectivity
- Enterprise Fraud & Risk platform protecting a large share of India's digital payment transactions
- Founder Raj Jain recognized by Ernst & Young as one of the top 20 Outstanding Entrepreneurs of the Year and is a past Chairman of NASSCOM

## Latest updates

- **2023-09** — RS ConnectEdge platform went live, enabling banks and fintechs to connect to UPI and BBPS with minimal capex.
- **2024-01** — Continued expansion of cloud-native, API-led payment product suite (PPaaS, RealEdge, iFinSwitch).

## Links

- Website: https://rssoftware.com
- LinkedIn: http://www.linkedin.com/company/rs-software
- Twitter/X: https://twitter.com/RS_payments
- Facebook: https://www.facebook.com/RS-Software-India-Ltd-683385828509922

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Profile page: https://yespress.io/rs-software
Published by YesPress — https://yespress.io
Last updated: 2026-06-20