RS Software, the payment solutions player, saw it net incomes from the US geo fell sharply in Q3FY17 compared to the previous year, pulling down its total net income by 20.3% to Rs. 18.06 crore. The company has seen losses for consecutive quarters, and has pared its losses this year to Rs. 4.24 crore, compared to Rs. 7.53 crore in the previous year's quarter.
The company is under pressure to see revenue from new clients, after parting ways with Visa in November 2016, which the company had previously said prevented it from pursuing opportunities with other players. RS Software had derived 90% of its revenues from Visa.