IT stock jumps 4% after receiving PCI DSS certification for high security digital payments

Shares of a company providing software IT solutions and consulting services, IT product/software development and software commercial training, and web designing surged nearly 4.8 percent on Friday, after achieving PCI DSS certification for digital payment processing and expects final approval from RBI in the near future.

Price Movement

With a market capitalisation of Rs. 55 crores, at 11:30 a.m., the shares of Quicktouch Technologies Limited were trading in the green at Rs. 56 on NSE, up by nearly 4.8 percent, as against its previous closing price of Rs. 53.45.

What’s the News

According to the latest regulatory filings with the NSE, Quicktouch Technologies Limited announced that QuickPay, its cutting-edge fintech payment solution, has successfully obtained PCI DSS (Payment Card Industry Data Security Standard) Certification. 

This certification underscores QuickPay’s dedication to providing secure, compliant, and efficient digital payment processing.

With this milestone achieved, QuickPay has now started the merchant onboarding process and announced to onboard its first major merchant. The merchant’s Gross Transaction Value (GTV) via the QuickPay system is expected to reach Rs. 100 crore in the upcoming months, marking a significant step forward in QuickPay’s growth and adoption within the digital payments ecosystem.

Additionally, Quicktouch Technologies Limited is in the process of securing its Payment Aggregator (PA) License from the Reserve Bank of India (RBI), with final approval expected soon. This will enable the company to further expand its fintech operations.

Key Highlights of QuickPay

• Seamless and secure payment processing.
• Advanced fraud protection and compliance with industry standards.
• Scalability to support high transaction volumes

Previous News

1st January: Quicktouch Technologies incorporated a wholly owned subsidiary, Quicktouch Technologies FZCO, in the Dubai Airport Free Zone Authority (DAFZA).

This strategic move aligns with the company’s objectives to enhance operational efficiency and strengthen its presence in the Middle East market. The subsidiary will be formed by converting the existing branch of Quicktouch Technologies Limited in DAFZA into a fully incorporated entity.

Additionally, the company has also announced the successful acquisition of Vidyahub Private Limited and Techquench Private Limited through the transfer of 100% share capital. Both companies are now wholly-owned subsidiaries of Quicktouch Technologies Limited.

This strategic acquisition enhances Quicktouch’s market presence and strengthens its position in the rapidly growing technology-driven solutions market, with a particular focus on serving educational institutions and businesses.

Financials

Quicktouch Technologies reported a decline in its revenue from operations, showing a year-on-year fall of 61.7 percent from Rs. 41.7 crores in Q3 FY24 to Rs. 16 crores in Q3 FY25.

Similarly, its net profit decreased during the same period from Rs. 2.2 crores to Rs. 0.62 crores, indicating a decline of around 72 percent YoY. 

About the Company

Quicktouch Technologies Limited specializes in software development, with a primary focus on educational solutions.

The flagship product, “Quick Campus,” is a comprehensive school management software designed to streamline and enhance the administration and operations of educational institutions. 

In addition to its core software development business, Quicktouch Technologies has strategically expanded its business line to include the trading of computer software and IT-enabled goods.

Written by Shivani Singh

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