Tata Communications, a global digital infrastructure provider, and CreditPilot, a fintech specializing in digital and mobile financial services, transactional and payment infrastructure, announced last week they have formed a partnership to offer mobile and digital financial services solutions to mobile operators.
The duo reported that under the terms of a joint Engagement Agreement (EA) they will form a joint task force to assess the integration of the provision of financial services with the Tata Communications MOVE, Mobile Virtual Network Operator Enabler (MVNE) platform. CreditPilot will also provide consultancy services necessary to ensure continued regulatory compliance of financial products created as a result of the engagement. The EA then lays down a foundation for the two companies to engage in joint marketing and sales activities.
While sharing more details about the collaboration, Tim Sherwood, Vice President of Global Mobility and IoT Services at Tata Communications, stated:
“With more than 1.7 billion people around the world still without access to electronic payments, banking, and other financial services, mobile service providers are uniquely positioned to enable financial transactions through mobile and digital channels and accelerate financial inclusivity. We’ve had a successful partnership with Credit Pilot, providing them seamless global connectivity through our global mobile access and relationships with over 640 mobile operators. We look forward to extending our association and working together to give our mobile service provider customers the right set of tools to open new revenue streams and streamline their internal financial processes.”
Felix Polianski, Vice President for Mobile and Digital Financial Services at CreditPilot, went on to add:
“Mobile financial services are mobile network operators’ way to future-proof their business, ensure revenue growth and customer retention. At the same time, mobile financial services bring about the true equality of financial services access for all people, regardless of their location and income. This shared vision of the future of both finance and telecommunications is the cornerstone of our partnership with Tata Communications.”