TNS launches secure internet gateway in India, signs first customer

Market expanding with almost 500 million electronic payment transactions every month

TRANSACTION Network Services (TNS) announced November 5 that it has launched its highly anticipated Secure Internet Gateway (SIG) to the Indian market and revealed it has already secured its first customer agreement with one of the world’s leading international acquirers. 

TNS’ SIG is the first IP device level solution to be offered to merchant acquirers and processors in India that has been specifically designed for point-of-sale payments terminals. Prior to this, acquirers and processors had to build their own infrastructure with solutions from local telcos.

Michael Johnson, TNS’ managing director for FinTech Solutions in Asia Pacific, says: “The Indian market is rapidly expanding with almost 500 million electronic payment transactions occurring every month. We expect to see this figure continue its fast growth as financial inclusion programs bring more of the 1.4 billion population into banking and retailers provide a wider range of payment options instore.”

The highly-anticipated launch of TNS’ SIG provides acquirers and processors with an innovative, robust and PCI DSS compliant solution which is closely tailored to the demanding needs of the payments industry as opposed to generic telco options. It helps guard against internet security incidents which are increasingly targeting IP transactions, such as hacking, rogue terminals and DDoS attacks.

“We are delighted to have secured this leading acquirer as the first customer onboard for our dedicated gateway, and we are proud to be diversifying our operations in India and helping this dynamic economy develop,” Johnson adds. 

Prior to this agreement, TNS has supported this acquirer with multiple other solutions around the world. This is the first time the organizations will work together using IP products in India.

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Date

6 Nov 2019

Channel

Capital Markets

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