In India, there are different types of messaging solutions and formats specific to each of the payment systems. Consequently, banks/system participants are required to develop application specific APIs (Application Program Interface) to integrate with these payment systems.
In the current system, however, it may be a challenge to achieve portability, i.e., a seamless switchover in the case of failure of one payment system into another. It is in this context that adoption of common message format and messaging solution, which is the theme of this Conference, assumes a lot of importance in developing portability and interoperability. 17.