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SBI, Amdocs, Triotech, BSNL to provide mobile financial services to the unbanked

Amadocs and Triotech have partnered with State Bank of India (SBI), the country's largest lender, to provide mobile financial services to India's unbanked population and the service will be running on BSNL's networks. The solution will be provided under a five-year services contract and it includes money transfers, bill payment and airtime recharges. The solution will also allow SBI and BSNL to support an extended ecosystem of multiple merchants and business correspondents (credit card companies, utility providers, employers) on the mobile network, enabling easy payment and top-up transfers to third parties. India-based Triotech will own the overall project management, including developing the end customer and retail application and portal, retail channel management and Tier 1 and 2 services. Amadocs will also provide consulting, implementation, systems integration, software and hardware operation, and maintenance for SBI. The latest move by SBI shows…

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