Public Financial Management System (PFMS) is a web-based software application initiated with the objective of tracking funds released under Plan Schemes of Government of India. Developed by Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, and Government of India, the Public Financial Management System is capable of real-time reporting of expenditure at all levels of Programme implementation. It has further been broadened to cover direct payments to beneficiaries under all Schemes.

Mindgate, a global leader in payment technologies has come up with CB Konnect PFMS Integration Adaptor to meet the digital needs of the government-based schemes executed through banks. The comprehensive suite is designed with utmost agility that offers ready to plug-in adapters of PFMS message processing layer along with easy access to banks’ CBS and various channel integrations. It fulfills bank’s requirements with numerous integration capabilities like PPA, CINB, EPA, and so forth apart from DSC.