Modefin and Dr. Gaurav Varshney at Indian Institute of Technology Jammu (IIT Jammu) have collaborated on a project to introduce offline authenticated Digital Payment services.

Dr. Gaurav Varshney, Assistant Professor at IIT Jammu, said: “We are excited to work with Modefin to develop architectures for future Offline Payment solutions.”
Amarnath Chowdary, Managing Director at Modefin, says: “We are delighted to partner with IIT Jammu as we believe an ecosystem of strong collaborative partnerships is important in enhancing Digital Payments. This project with IIT Jammu is part of our aspiration to encourage regional innovation by funding local research projects. By working together on fundamental research areas, our partnership with IIT Jammu will help develop and bring many innovative products.”



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About Modefin

Founded in 2011 and headquartered in Bangalore, India, Modefin currently serves 60+ banks in more than 20 countries worldwide. Modefin specializes in providing infinite banking possibilities for banks of any size to accelerate their digital transformation & stay ahead of the competition. Modefin aims to deliver quality products and services that are reliable, built on long-standing values and relationships, win customers’ confidence, and enhance their lives. Modefin believes in building a transparent, honest, and reliable business relationship that enhances the lives of all associated with Modefin directly or indirectly.

Modefin specializes in mBanking (Mobile Banking), mWallet (Mobile Wallet), Digital Payments, Digital Remittances, Mobile Commerce, Agency Banking, Financial Inclusion, Mobile Money, Mobile Disbursement, Branchless Banking, mPOS, SMS Banking, USSD Banking, Virtual Money and Fund Disbursement.

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About IITJ

IIT Jammu is recognized as an “Institute of National Importance” under the “Institutes of Technology Act” of 1961. IIT is an autonomous public higher education Institute funded by the Government of India and functions under the governance of the IIT Council. One of India’s premier Indian Institutes of Technology, the university came into existence in 2016 when a Memorandum of Understanding (MoU) between the Department of Higher Education, Government of Jammu and Kashmir and Department of Higher Education, Ministry of Human Resource Development (MHRD), Government of India, was signed.

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