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 WalletEdgeTM – the mobile commerce platform will enable the ubiquitous mobile wallet service to support cashless payments & settlement needs of diverse customer segments.
- Agreement to jointly create an inspiring business model for m-Commerce
- Infosys WalletEdge to manage the mobile wallet service of Bharti Airtel
- Initiative to offer customers a secure environment to make payments and transfer money across the country through ‘airtel money’
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 WalletEdgeTM 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.”