This is how Jignesh Shah is aiding the Digital India programme

Acknowledged as the pioneer of financial and stock market technologies in India, Jignesh Shah continues to support the Indian society’s efforts of becoming a globally accredited economy. Through his company, Financial Technologies Limited (FTIL), now known has 63 Moons, he has provided up to 18 online technologies in the financial realm.

One of the auxiliary companies of Jignesh Shah’s 63 Moons – Atom Technologies will dissolve its services of the pre-paid card, in order to shift the operations in terms with the ‘Digital India’ initiative and focus on its ‘wallet’ feature for electronic transfers. The Reserve Bank of Indi (RBI) has annulled the certificate of authorization (COA) upon the request issued by Atom technologies via notification earlier this month.

The pre-paid card function, however, will be operational in other verticals like merchant aggregation and payment services across various channels like the point of sale, e-commerce, IVR as well as mobile.

The move has been substantiated in order to transform business and modify strategies to adapt with the changing economic market and payment forums. The prepaid account holders of the company have been notified in the matter regarding the cancellation of the license. Atom Technologies has invited the Pre-payment instrument holders to submit requests seeking closure of their accounts and avail the balance.

The ‘wallet’ business for transactions will help the government in keeping track of the flow of money which will, in turn, dismiss the failure to pay taxes and will eventually generate opportunities for the country to grow in various sectors.

"We continue our other lines of business of merchant acquiring through POS, Internet, IVR and mobile where we process more than USD 5 billion annualized with more than 100 million transactions annually across more than 50,000 merchants," said company MD and CEO Dewang Narella. He also stated that the demonetization and GST implementation will modify the entire base of 20 million merchants.

Started in 2006, Atom Technologies, a Mumbai based company has delivered unequaled end to end payment services through offline and online platforms. Pursuant to the ideals of Jignesh Shah, the company’s motto remains serving the public while ensuring growth of the country.