Monday, February 27, 2012

Bharti Airtel selects Infosys as technology partner for ‘airtel money’

BANGALORE, INDIA: Bharti Airtel, a leading integrated telecommunications company with operations in 19 countries across Asia and Africa, has chosen Infosys, a global leader in consulting and 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 and settlement 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 7,000+ 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.

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