State Bank of India (SBI) has selected Amdocs’ Mobile Financial Services solution to offer affordable and secure mobile banking services to unbanked and under-banked population in rural India.
To execute this five-year services contract, Amdocs has partnered with Indian company Triotech and state-owned telecom operator Bharat Sanchar Nigam Limited (BSNL).
Go deeper with GlobalData
Triotech will own the overall project management, such as development of end customer and retail application and portal, retail channel management and Tier 1 and 2 services.
Amdocs claims that its solution will enable SBI and BSNL to offer customers of any mobile operator in India the option of owning a mobile wallet account.
The solution will also help SBI and BSNL to support an extended ecosystem of various merchants and business correspondents on the mobile network to facilitate payment and top-up transfers to third parties.
Amdocs added that its solution incorporates a dedicated set of services, spanning consulting, implementation, systems integration, software and hardware operation, as well as maintenance.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
