Omnitech banks on RTGS solution

Mumbai-based solution provider, Omnitech Infosolutions is all set to tap emerging opportunities in Asia, Europe and India. In addition, for the last two quarters the company intends to strengthen its offering of RTGS solutions across cooperative banks at a pan India level.

Atul Hemani, MD and CEO, Omintech Solutions said, " Asia and Europe markets have been showing positive growth and we estimate this to continue in times to come. While, Indian market expansion is on a positive curve." He further added there is great traction for managed services, datacenter and cloud computing related solutions.

Omnitech already has a direct presence at multiple locations internationally, however, to cater to the emerging needs the company is exploring newer locations like in global markets. It has presence in countries like Japan, Singapore, Australia, UK, USA, and Netherlands.

At the domestic front, the company has a strong presence in BFSI segment and caters to both large and mid-market companies. In addition to BFSI, the solution provider has witnessed demand coming from government and healthcare segments.

Omnitech has prepared itself to take advantage of the fast changing landscape of money transfer in India. The company aspires to capture a major share of managed services based on the Real Time Gross Settlements (RTGS) platform of payment settlement in the country. Hemani said, "We have specific plans with regards to RTGS platform and we are exploring opportunities in co-operative banks now. We have almost 65% market share in terms of RTGS related market." He further added, "We are also strengthen our offerings in terms of payment gateways and now we have robust and dynamic solutions for both foreign banks and cooperative banks."

The company has provided over 70 banks across the country with the services related to RTGS in the last two years that are licensed by the Reserve Bank of India (RBI) to carry out RTGS transactions.

Overall, the last two quarters are critical for the company due to renewals and consolidation happening in domestic and international market and the company hopes to achieve a growth of 10-15% in both topline and bottomline.