VST Enterprises boards Prime Minister's plane to India
A pioneering Manchester firm is taking its cutting edge technology to India alongside the Prime Minister.
VST Enterprises 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 expansion into Asia through their office in Singapore, as well as the United States.
And their trip to India, which saw them board the new Prime Ministerial plane alongside Theresa May, has allowed them to explore new markets in one of the world’s fastest growing economies.
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 joined other small- and medium-sized firms in seeking new business on the trip to one of the world’s biggest economies.
Louis-James Davis, 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 included South Asia’s largest tech fair. The UK-India TECH Summit was 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.