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Infosys inches up on implementing Finacle digital commerce solution at Standard Bank

Infosys Ltd. | IT - Software | IT & ITES | BSE: 500209 | NSE: INFY

12 Jun 2012 Evaluate

Infosys is currently trading at Rs 2431.65, up by 4.70 points or 0.19% from its previous closing of Rs 2426.95 on the BSE.

The scrip opened at Rs. 2411.10 and has touched a high and low of Rs 2450.00 and Rs 2410.00 respectively. So far 6635 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 3020.00 on 08-Jul-2011 and a 52 week low of Rs 2169.00 on 25-Aug-2011.

Last one week high and low of the scrip stood at Rs 2464.00 and Rs 2392.05 respectively. The current market cap of the company is Rs 139537.89 crore.

The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 55.59% and 14.91% respectively.

Infosys, a global leader in consulting and technology, has entered into partnership with Africa-based Standard Bank sparked by its recently unveiled Finacle digital commerce solution. Finacle will power agency banking for Standard Bank and help the bank extend service channels across its markets in Africa. This new alternate channel for the bank will offer value-added financial services to consumers, in Africa, while also reducing cost of operations for the bank.

Finacle digital commerce solution helps to unlock new revenue streams not only for financial institutions, but also telecom service providers and retailers by enabling instant cashless payments and commerce between merchants and consumers. The solution empowers consumers to consolidate payment instruments such as accounts, cash or cards, on a single digital wallet, made accessible anytime, anywhere on their preferred digital channel. Standard Bank, leveraging Finacle, will onboard and manage agents, using the mobile or Internet channels, to service remote customers cost-effectively. The solution will enable agents to offer a host of services ranging from customer on-boarding, cash deposits, cash withdrawal and banking transactions, to service requests.

Finacle digital commerce is a multi-channel wallet offering that supports both assisted and self-service channels such as the Internet, mobile, ATM, kiosks and IVR. The solution is ubiquitously available across mobile platforms, access modes and devices, and is built with robust security at the transmission, application and data levels.

Infosys Share Price

1318.60 -0.30 (-0.02%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
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Infosys inches up on implementing Finacle digital commerce solution at Standard Bank

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