Telinovation, Sobha IT arm pact

The partnership will enable SRIT to become a third party e-Payment gateway provider in India, the company said.

Telinovation's multi-delivery amenity banking (MDAB) payment technology enables banks and amenity providers to have fund settlement on delivery platforms like PoS, mobile payment, Web and ATM through card and cash.

Debasish Choudhury, founder and CEO, Telinovation said, "We are delighted to have SRIT as our strategic partner and mentor which will help us shorten our ramp up time. With their global presence, SRIT will enable us to address newer and emerging markets."

He said Telinovation's solutions would also provide SRIT with capabilities to grow its telecom's managed-IT, enterprise, and healthcare exchange businesses.

Telinovation MDAB payment technology and solutions include mobile payment solution, net payment solution, and retail payment. Indian Railways, ICICI Bank, Canara Bank, Reliance Communications and Airtel are some of the major clients in India.