Infosys gains on contract from Qantas Credit Union

Qantas Credit Union, an Australian firm, will implement Finacle to unlock new revenue streams and foster customer loyalty

Shares of Infosys were up nearly 1% at Rs 1,112 on the Bombay Stock Exchange after the IT major in a release announced that Qantas Credit Union has selected Infosys Finacle to improve its customers's digital experience, as part of their business transformation strategy.

Qantas Credit Union is top Australian Credit Union, and implementation of Finacle will enable the company to exploit the power of digitization to unlock new revenue streams and foster customer loyalty, while enabling the bank to quickly bring new products to market, the release added.

The stock opened at Rs 1,110 and touched a high of Rs 1,118. At 9:50AM, over 625,000 shares were traded on both the stock exchanges.