Digital Payment Up 140x Post Demonetization: Unisys MD

by Moumita Deb Choudhury    Apr 10, 2017


Unisys India, a microcosm of Unisys Corporation is rapidly engaging with the Digital India Initiative and an array of verticals with its IT products, solutions and services. The company offerings for the India market are in tune with its global counterpart, with major focus being on financial services, government and commercial including aviation.

“From the India perspective, travel and transportation is a big opportunity for us. We have been largely involved in digitizing airports and are the master system integrator for Delhi Airport’s Terminal 3. We also mark a presence of 30 years in digitally enhancing Air India,” said, Ravikumar Sreedharan, managing director, Unisys India and head, Global Delivery Network, Unisys in a recent interaction with CXOToday.

The company provides an integrated cargo logistics solution that allows carriers to streamline freight management and improve their operational efficiencies. As Sreedharan mentioned, “Comprehensive solution is what we offer as deep analytics goes into it.” 

Banking is a sector which has the highest digital adoption in India. Banks and other financial institutions spends thrice the amount than non-financial sectors do on cyber-security. Financial institutions are under pressure to fortify security given the trends such as the increased take-up of mobilebanking putting banks’ IT infrastructure defenses at growing risk of cyber-attack reveals a recent Kaspersky study.

“Digital payment has gone up 140 times in India post demonetization of high value currency notes by the government. On the face of this, banks, especially commercial banks have generated a huge demand for online channels to augment their physical presence. Omni channel banking system is a big trend now. All the aspects of banking are moving towards digital enablement and this an enormous opportunity for us,” he explained

He added that the company is witnessing growth opportunities from enterprises and the government and that Unisys will help them transition towards the GST regime in the next few months.

“Another area of opportunity for us is the ‘Digital India’ initiative. Under the Smart cities’ personal safety initiative, we are offering our digital investigator solution. We are also working closely with the Indian Police Force for seamless digital enablement like video analytics, photographs, voice chat and others,” said Sreedharan.

Recently Unisys organized its Eighth Annual Cloud 20/20 Technical Project Contest. The company’s project leads and subject matter experts supported the student contestants. This year’s topics included Internet of Things, data analytics, cloud-based applications and services, cloud security, computing everywhere, context-rich systems, cloud security, DevOps and potential future technologies.