A pioneering Manchester firm is taking its cutting edge technology to India – alongside the Prime Minister.
VST Enterprises (VSTE) has been lauded for its development of VCode, which, among other applications, has the potential to revolutionise financial transactions on the internet.
The versatile VCode technology allows genuine users to authenticate themselves across a variety of online transactions and interactions. It is currently being utilised to protect against fraud in many sectors, from document verification, to unattended car park payment systems, and interactive charitable giving transactions. VSTE bosses are already planning expansions into Asia through their office in Singapore.
And their trip to India, which will see them board the new Prime Ministerial plane alongside Theresa May – will allow them to explore new markets in one of the world’s fastest growing economies.
Prime Minister Theresa May said:
“I know VSTE prides itself on its ‘infinite possibilities’ – and it is exactly that sort of optimism this country needs to power its economy.
“The internet is already part of our everyday lives, but we haven’t even scratched the surface of its potential.
“Manchester’s exciting tech industry is already sparking new ideas and new businesses and VSTE will be able to spread the word in India.”
VSTE will be joining other small and medium sized firms in seeking new business on the trip to one of the world’s biggest economies.
Louis-James Davies, CEO at VST Enterprises, said:
“We are truly delighted to be taking the next step towards international growth as part of the Prime Minister’s trade mission. We have come an incredibly long way in such a short amount of time and I believe this is due to the growing need for a solution like VCode across international markets and sectors. In India specifically it’s about providing assured online security across large-scale government schemes, such as ID cards and the benefit system. We hope our technology can play a key role in the deployment of such schemes and are looking forward to conversations around this in the days ahead.”
The visit will include South Asia’s largest tech fair. The UK-India TECH Summit will be hosted in New Delhi by the Prime Minister and her Indian counterpart. It is designed to help boost hi-tech trade between India and the UK.
The Prime Minister will use the Indian visit to deliver on the ambitious vision for Britain after Brexit she set out in a speech last month, forging a new global role for the UK as a country with the self-confidence and the freedom to look beyond the continent of Europe.
And she will use the visit to deliver on her pledge to create an economy that truly works for all, by introducing new and emerging enterprises, as well as more established players, to the key Indian market.