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Telecom Lead: Telecom giant Bharti Airtel announced that it has chosen Infosys as its partner for -airtel money’, which
is the country’s first of its kind mobile wallet service by a mobile operator.
Under this partnership, Infosys WalletEdge – the mobile
commerce platform will enable the ubiquitous mobile wallet service to support
cashless payments & settlement needs of diverse customer segments.
“We believe that airtel money – that
empowers the customer with the convenience of instant money transfer, will play
a pivotal role towards driving the goal of financial Inclusion in the country,”
said Sanjay Kapoor, CEO – India & South Asia, Bharti Airtel.
Infosys WalletEdge is a scalable platform capable
of supporting millions of transactions annually in a secure environment.
The platform is delivered through a private Cloud and
creates a comprehensive shared services framework that allows members of the
ecosystem to process payment instructions seamlessly and cost efficiently.
The platform is based upon the Finacle Digital Commerce,
which facilitates the creation of a unique ecosystem of card issuers,
merchants, financial and retail institutions to offer customers a wide spectrum
of payment options for their transactions.
The teleco said that the platform will
enable ‘airtel money’ customers to pay bills, recharge accounts, shop
at over 7000+ merchant outlets, transact online through multiple channels
including mobile phones, Interactive Voice Response, ATMs and Point of Sale.
The game-changing mobile commerce platform, from
Infosys, will empower millions of ‘airtel money’ customers to make cashless
payments and settlements. It will also unleash new market opportunities for
Bharti Airtel in the digital commerce space,” said V. Balakrishnan member of
the board, Infosys.
Recently, Bharti Airtel announced that its prepaid mobile customers can now recharge their
mobile phonesonline
through netbanking.
