Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys has been selected by Paytm, India’s largest mobile payments and commerce platform, to power its (Paytm’s) new payments bank business. Modern APIs driven solution will enable Paytm to integrate its payments bank services rapidly across its existing wallet business. The solution’s readymade integration adaptors, along with its compliance to industry standards, will reduce integration costs as well as simplify Paytm’s banking transformation journey.
The solution’s product factory capability will enable Paytm to easily create and offer a comprehensive bouquet of CASA (Current Account and Savings) based products and services in addition to its existing Wallet offering. The solution also offers integration adaptors with many third party applications like AntiMoney Laundering, which will enable the Paytm payments bank to become operational rapidly.
Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.