'Airtel money' empowers customers with mobile currency

Bharti Airtel announced its partnership with Infosys to jointly create a business model that will set new paradigms for mobile commerce. Infosys WalletEdge™ - the mobile commerce platform with Finacle™ Digital Commerce at its core will enable millions of ‘airtel money’ customers to make cashless payments and settlements through their mobile phones.

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Instant money transfers, multi-channel payment modes and convenient way to load cash so that consumers always have the mobile currency handy are just some of the features that are all set to change the way we transact today. With ‘airtel money’, consumers can pay over-the-counter merchants like the neighborhood grocery stores or pay for services like booking movie tickets online, right from the comfort of their homes.

Delivered through a private Cloud, Infosys WalletEdge™ creates a comprehensive shared services framework that allows members of the ecosystem to process payment instructions seamlessly and cost efficiently, in a secure manner. The solution helps mobile service providers to offer value-added services, open new revenue streams and increase customer stickiness.

Bharti Airtel-Axis Bank alliance to leverage Infosys WalletEdge™ and Finacle™ Digital Commerce

Bharti Airtel, through its wholly owned subsidiary Airtel mCommerce Services Limited and Axis Bank, has announced a partnership for extending remittance-led mobile payment services to India’s unbanked millions through the ubiquitous mobile platform.

This alliance will leverage the companies’ respective strengths in telecom and banking sectors to empower financially excluded citizens of India with banking products and services towards enhancing their livelihood and quality of life.

Infosys, a global leader in consulting and technology, is the technology innovation partner for the launch of ‘airtel money Super Account powered by Axis Bank’. Bharti Airtel and Axis bank alliance will leverage the Infosys WalletEdge™ and Finacle™ Digital Commerce IP and expertise in mobile commerce towards remittance-led mobile payment services to India’s unbanked millions.

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Fred Giron, a leading analyst at Forrester blogs on Why The Recent Infosys/Airtel Deal Is A Glimpse Into The Future Of IT Services

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