---
title: New payments platform targets India, MEA and beyond - Developing Telecoms
description: Financial Software & Systems Pvt Ltd (FSS), a provider of payments technology solutions headquartered in India, has announced the launch of BLAZE, an advanced payments technology platform, designed to meet the diverse needs of banks and financial institutions.
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date: 2023-08-29T07:24:15Z
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Financial Software & Systems Pvt Ltd (FSS), a provider of payments technology solutions headquartered in India, has announced the launch of BLAZE, an advanced payments technology platform designed to meet the diverse needs of banks and financial institutions.

At present, BLAZE is accessible to customers in select markets such as India, the Middle East and Africa. FSS plans to progressively introduce it in additional markets in the upcoming months.

FSS says BLAZE is expected to offer significant efficiency gains in terms of speed and scalability, high durability during peak workloads, improved fraud prevention, and enhanced services to banks and financial institutions, while simplifying choices and bolstering the confidence of end consumers.

For example, it says, FSS Payment Gateway, powered by BLAZE, can handle more than 5,000 transactions per second (TPS) to ensure a higher number of successful transactions during peak hours. BLAZE enables banks to deliver higher TPS to align with growing digital commerce adoption in a country.

FSS points out that banks, currently operating on legacy monolithic infrastructures, face numerous challenges such as the flexibility of enabling quick system integrations, inability to provide exceptional customer experience for ease of payments and ensuring cost efficiency for lower cost per transaction, among others. BLAZE addresses these challenges, FSS says. The adoption of BLAZE, it adds, will also empower financial institutions to roll out innovative payment offerings to market at a much faster speed, enhance their competitive edge and attract new customers.

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