Aceware Launches Acemoney UPI/QR and Virtual Bank

KOCHI:
AcewareFintech Services, a leading fintech services company based in Kerala, has launched UPI/QR, virtual bank and 100 UPI/QR customer service points in a virtual function on Tuesday. With these launches, AcewareFintech Services has become the first Kerala-based company to launch UPI/QR and Virtual Bank.

AcemoneyVirtual Bank was launched in partnership with Yes Bank. In the first phase, startups, traders and business entities can open current accounts with the virtual, according to the company. Virtual bank is a kind of virtual bank that operates without any physical branches. Virtual bank mainly target customers who make financial transactions using mobile applications and other digital media platforms. The services of Acemoney are available at all the panchayats in Kerala and customers can make all the financial transactions at the service points of AcemoneyVirtual Bank.

The UPI/QR was launched by Gaurish K., Head, Fintech Relations, National Payment Corporation of India. ArunAgrawal, Country Head, Institutional and Government Banking, Yes Bank and Ajay Rajan, Country Head, Transaction Banking, Yes Bank, jointly inaugurated the Acemoney Virtual bank. While Y. Safirualla, Additional Secretary, Electronics and Information Technology, Kerala, inaugurated Acemoney mobile app and 100 UPI/QR customer service points, the new office of Aceware was inaugurated by John M Thomas, Chief Executive Officer, Kerala State IT Parks.

Ashok Kurian, Manager, Business Development and Incubation, Kerala Statrup Mission; Dr. K. C. Chandrasekharan Nair, Mentor and Founder MD of Kerala Startup Mission; Abdul Malik K. V., Secretary GCDA; Anil Kumar G., Executive Director, BNI Cochin and Nimisha J.Vadakkan, MD, AcewareFintech Services, were also present on the occasion.