atom technologies introduces Interbank Mobile

Payment Service

Indias leading payment services provider atom technologies, a subsidiary of Financial Technologies
(India) Limited, has introduced Interbank Mobile Payment Service (IMPS) to enable merchants make
interbank payments 24x7 through their mobile phones.

Some significant clients who will be integrating IMPS operations in their portfolio through atom
technologies are Reliance Energy-through IVR, Next Retail India Limited, Univercell
Telecommunications India Private Limited, Ferns N Petals, Annamalai University etc.

YES BANK, one of Indias fastest growing banks and winner of The Most Sustainable Bank of the
Year(Asia Pacific)2011-2012, 2012-2013; one of atoms key partners for IMPS operations has stated
that IMPS offerings will create the necessary transitional shift that will ascertain the transfer of funds
in real time as per the requirements of the current day. Anand Bajaj, Chief Innovation Officer at YES
Bank adds further, We view the IMPS technology as a disruptive opportunity to change the payment
landscape in India and bring down costs and improve process efficiencies, especially since the
available solutions are a rehash of existing technology, deployed to suit requirements of a vast
spectrum of customers - both in retail and corporate segments.

Elaborating on this move, Dewang Neralla, Director and CEO, atom technologies said, IMPS
payments makes it very simple for customers to start making payments and it will also enable our
merchants to accept payments from such customers which hitherto was not possible earlier due to
various reasons. IMPS is a breakthrough technology that should revolutionize payments.

IMPS is an initiative of National Payments Corporation of India (NPCI), the umbrella organization for
retail payments systems established by the Indian Banks Association (IBA). The aim of IMPS is to
create an affordable and payment mechanism system to facilitate 24x7, interbank electronic fund
transfer service through mobile phones. IMPS facilitates customers to use their mobile handsets as
a channel for accessing their bank accounts and enables interbank fund transfers in a secured
manner with immediate confirmation features.

atom technologies is a leader in providing mobile payment solutions across internet, mobile and IVR
and with IMPS coming in as an added advantage for merchants, it will provide them the access to
the entire population of customers who have subscribed for mobile banking.

Currently, there are more than 900 million mobile subscribers and 40+ million people who have
subscribed for mobile banking. Added advantage with IMPS is that it provides a uniform interface for
making payments across different payment modes i.e. Internet, Mobile WEB, Mobile App, IVR,
USSD and SMS.

To pay using IMPS, all that bank customers need to do is register for mobile banking and link their
mobile phone to their bank account and generate a seven digit Mobile Money ID
(MMID). Thereafter, they can easily access the bank account using only their mobile number and
MMID to pay merchants.

As more organizations join the bandwagon with atom technologies, it is becoming clear that IMPS is
being viewed as a progressive step that combines technology, banking operations and current new
age payment solutions available to positively boost and transform the present day economic setting.