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Bharti Telesoft Partners with Barclays|
- By CXOtoday Staff, Jun 11, 2008 1436 hrs IST
- Tags : Bharti Telesoft Partners with Barclays
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Bharti Telesoft, provider of integrated VAS solutions for mobile operators has partnered with Barclays Global Retail and Commercial Banking (GRCB).
Hello Money is based on the Bharti Telesoft's Mobiquity mBanking platform. It operates on Unstructured Supplementary Service Data (USSD) technology that is fast, secure, and easily accessible as compared to the existing platforms, such as text messaging or GRPS. Through the USSD technology, Hello Money is available on all GSM phones in all major networks in 40 cities.
Barclays Hello Money has the potential to dramatically impact the way 184 million unbanked people in India use financial services. By turning a GSM mobile handset into a bank, customers can use a whole range of financial services that were previously unavailable. This is the first time in India that banking services are available in such a convenient and cost effective manner.
Elaborating on the announcement, Anil Gajwani, CTO of Bharti Telesoft said, "We are excited about this new initiative from Barclays that is developed on the mobiquity platform. This partnership gives us an excellent opportunity to showcase our technological commitment towards mBanking in India."
Hello Money is easy to use and is a unique service, which enables customers to make account enquiries and financial transactions, including fund transfers, bill payments, requests and other banking transactions. This platform is already running successfully in rapidly growing markets, such as Bangladesh, as well as across the African continent.
Bharti Telesoft's mobiquity platform embraces the mobile phone as a convenient, cash-free and card-free payment & transaction medium, delivering a range of financial and commercial applications, all designed to make every day financial tasks easier to perform.
Related Links:
Bharti Telesoft Acquires Jataayu Software
Bharti Telesoft Teams Up With Continuous Computing
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