Infosys WalletEdge™ to manage the mobile wallet service of Bharti Airtel
Bangalore, India - February 27, 2012
Bharti Airtel, a leading integrated telecommunications company with operations in 19 countries across Asia and Africa, has chosen Infosys, a global leader in consulting & technology, 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™ - the mobile commerce platform will enable the ubiquitous mobile wallet service to support cashless payments & settlements needs of diverse customer segments.
Finacle™ Digital Commerce is at the core of this platform. It 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 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.
Infosys WalletEdge™ is also a highly scalable platform capable of supporting millions of transactions annually in a secure environment. Delivered through a private Cloud, it creates a comprehensive shared services framework that allows members of the ecosystem to process payment instructions seamlessly and cost efficiently.
Sanjay Kapoor, CEO - India & South Asia, Bharti Airtel said, "Airtel turned another leaf in its journey towards enriching lives of millions of our customers, with the launch of airtel money across India. 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. We are confident that together we will offer a compelling proposition for our customers for them to accept airtel money - as a way of life."
V. Balakrishnan Member of the Board, Infosys said, "At Infosys, we partner with our clients to build tomorrow's enterprise through business model innovation that drives growth and revenue opportunities. 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."
Bharti Airtel Limited is a leading integrated telecommunications company with operations in 19 countries across Asia and Africa. Headquartered in New Delhi, India the company ranks amongst the top 5 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G & 3G mobile services, fixed line, high speed broadband through DSL, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G & 3G mobile services. Bharti Airtel had over 244 million customers across its operations at the end of January 2012. To know more please visit, www.airtel.com
Many of the world's most successful organizations rely on the 145,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow's enterprise. For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
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