Chennai-based Financial Software & Systems (FSS) has said that it has set up an ATM network in Bhutan. The company's leading financial institute, Bhutan National Bank, has tied up with FSS for deployment of online ATM and POS services through FSSNeT, the company's outsourcing wing. | |
| In a company release, Nagaraj Mylandia, managing director, FSS, said: "We are pleased to partner with Bhutan National Bank in their electronic payment initiatives. For FSSNeT, this is a milestone in providing online services outside the shores of India. We look forward to a long and mutually beneficial relationship with Bhutan National Bank and an increase in value proposition for both the companies." |
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| FSS has floated a domestic payments gateway for a group of 22 banks including State Bank of India, Punjab National Bank, ICICI Bank, HDFC Bank, UTI Bank and now Bhutan National Bank. Through this payments gateway, FSS will manage settlement of domestic transactions carried out by customers of these banks. |
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| Bhutan National Bank is also exploring the possibility of offering credit and debit card facilities to tourists who visit Bhutan by deploying Point of Sale (PoS) terminals at various locations in the country, enabling them to use their card for making purchases in Bhutan. |
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