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| Tata Teleservices takes a step further in M-commerce | | Ties up with ICICI Bank to offer Mobile Banking services |
| Announcement / Corporate May 28, 2009, 19:57 IST |
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Today with increasing number of cell phone users and with increasing trend of using mobile phones for commercial transactions, telecom operators are getting more aggressive in facilitating Mobile commerce and banking. In this direction, Tata Teleservices has partnered with ICICI Bank to offer mobile banking services to Tata Indicom subscribers registered for mobile banking with ICICI Bank. Now these customers can avail of banking services with just a click of the button. The subscribers can now manage their finances while on the move using their Tata Indicom mobile phone via iMobile a Brew based application.
Elaborating on the tie-up, Mr. Zubin Jimmy Dubash, Assistant Vice President, Tata Teleservices Limited, said: “By having the largest private Bank – ICICI Bank we have just moved one step further towards Mobile commerce. We are glad to partner with ICICI Bank to explore a highly efficient value added service for all our Tata Indicom customers. The mobile phone has enormous potential when used as a tool for financial services, it is likely to revolutionize the sector in a similar manner that the ATM did for banking and cash, years ago.”
With the initiative we aim at offering convenience of currently accessing ICICI Bank’s financial services with the help of Tata Indicom mobile. We are confident that, mobile banking will accelerate significantly in the coming years.” he added.
Tata Indicom through mobile banking application will allow its subscribers to transfer funds to any Bank account, Pay bills, top up prepaid mobile recharge. View account balances, last five transaction history, presented bills, , credit card payment due date, etc. Not only this, the customers can also, locate an ICICI Bank branch, ATM and phone banking numbers. The service also provides the subscribers the opportunity to access the credit card, demat and Loans services, to name a few.
The iMobile application can be downloaded onto the handset through, BREW catalogue on our server on all the handsets. The customers need to have a data enabled handset that supports this application. The current handsets supporting the application are Samsung T Nimbus, Samsung Bliss, Samsung NX1 LG 6335, and Pantec 715, Samsung Max.
About Tata Teleservices Limited:
Tata Teleservices Limited is one of India's leading private telecom service providers, having a pan-India presence. The company offers integrated telecom solutions to its customers under the Tata Indicom brand, and uses the latest technology platform(s) for its wireless network. With a customer base of nearly 37 million, Tata Teleservices Limited, along with Tata Teleservices (Maharashtra) Limited, covers over 320,000 towns and villages across all of India’s 22 telecom circles. In November 2008, Tata Teleservices entered into an agreement with Japanese telecom major NTT DOCOMO, as part of which the Japanese company acquired a 26% stake in TTSL for USD 2.7 billion. The transaction marks a key step in the strategic evolution of Tata Teleservices, as it moves towards a pan-India dual network presence. The company also recently announced a unique reverse equity swap strategic agreement between its fully-owned telecom tower subsidiary, Wireless TT Info-Services Limited, and Quippo Telecom Infrastructure Limited—with the combined entity kicking off operations with 18,000 towers, thereby becoming the largest independent entity in this space in the country. Tata Teleservices’ bouquet of telephony services includes mobile services, wireless desktop phones, public booth telephony and wireline services.
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