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Bharti selects Infosys for 'airtel money'

|February 28 2012 |Mobile Operators, Mobile Commerce

Bharti Airtel has chosen Infosys as its partner for 'airtel money' -- the country's first of its kind mobile wallet service by a mobile operator. Under this partnership, Infosys WalletEdge mobile commerce platform will enable the mobile wallet service to support cashless payments and settlements needs of diverse customer segments.

Finacle Digital Commerce is at the core of this platform. 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. While, Infosys WalletEdge can support millions of transactions annually in a secure environment, the company said.

Sanjay Kapoor, CEO - India & South Asia, Bharti Airtel said, "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. Clearly, an offering like this needs to be built on an extremely robust and secure technology platform, hence Infosys was a natural choice given their strong technical capabilities and credentials, especially in the financial sector."

"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," V. Balakrishnan Member of the Board, Infosys added.

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