Union Budget expectation comment from Atom Technologies

Posted by: at 1/30/2017 06:11:00 am

Mr. Dewang Neralla, MD & CEO, Atom Technologies, on the expectation from the upcoming Union Budget

“With the backdrop of demonetization, upcoming Union Budget holds key for the digital payments industry. Considering the current scenario, I think it is perfect time that payments should be treated as core infrastructure and payment gateway providers also should be provided tax breaks on service tax, on corporate tax etc. for a limited period and government should also mandate digital payments for specific industry segments such as C2G payments etc. To minimize risk and fraud, a central KYC registry for merchants should be set up and insurance scheme to  be created for handling merchant and/or transactional fraud which is non-existent now.  Government should also look at creating Payment Technology Parks where facilities and benefits can be provided similar to STPs"

Union Budget expectation comment from Atom Technologies

Dewang Neralla
MD & CEO

Mr. Neralla is the MD & CEO of atom technologies, one of India’s leading payments service providers focused on creating an end-to-end payments ecosystem over Internet, IVR, mobile and point-of-sale. He is also the co-founder of Financial Technologies. Today, atom has emerged one of the largest payment processing companies in India with processing over 3 million transactions per month and having processed more than USD 3 billion dollars (annualized) worth transactions.

He is constantly focused on innovation through creation of distinctive payment solutions and services that are modern, secure and consumer centric along with atom’s technology team. His passion for excellence has led to atom being certified for ISO 9001:2008 for its operations and technology. He is passionate about electronic payments and its power to bring about huge social transformation in a growth economy like India and reduce the overall costs associated. He is actively involved in the payments industry being a co-chair of the Merchant Aggregators Committee in Payment Council of India (PCI) as well as a member of Executive Council of PCI.

He holds a Bachelor of Engineering Degree in Computer Science and has been a featured speaker at several national and international academic, business, and technology forums as well as at industry events.


About atom
Atom was formed in the year 2006 with a vision to create a mobile payments ecosystem that would work getting digital payments in the hands of the last mile of the economic grid. Having realized the economic and business diversity in India, over a period of years, we have metamorphosed into an Omni-channel payments service provider covering all channels of electronic /digital payments i.e. mobile, IVR, online and POS. We also have an authorization from RBI to issue prepaid cards and wallets.
Today, we process more than 55 million transactions worth USD 3+ billion across a merchant population of over 30000.

With our core competency in the online as well as offline payments process, we at Atom, understand the value of your money and acknowledge the need for security to protect the card holder data. . Our platforms are certified with PCI-DSS v3.1 and are hosted in an ISO 27001 data center. Additionally, we are certified for ISO 9001:2008 which ensures the strength of our processes.

 Whether you are:
 Dealing with customer payments,
Collecting payments from your partners,
Offering EMI
Providing single click payments

We have the right solution for you.

With an array of customers from E–tail, Retail, Government, Utility, BFSI, DTH, Education, Entertainment, Travel and Tourism, Telecom and Subscription space, atom technologies is truly living up to its vision and benefitting diverse segments of the Indian society; be it large corporations dealing with the urban jungles or small businesses thriving in tier two/tier three cities and rural outskirts with the power of Payments Technology.

In these dynamic times, customers need to choose a partner who can provide them ease of mind as they work towards scaling their businesses.

Atom, Your perfect partner for all your payment needs!

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