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Tarang launches 'Mobile Wallet'
MyNews Network, September 21, 2009

Bangalore: Tarang Software Technologies (Tarang), a leading provider of payment solutions to banks, today launched 'Mobile Wallet' designed to meet the demands and growing trend of mobility in banking. According to a press release here, it is an aggregation solution delivered on mobile phones, which seamlessly fits into a banking institutions existing Mobile Banking Solution.

Mobile Wallet allows customers of a bank to access their entire financial portfolio via mobile phones securely, while the bank takes its gamut of offerings one step further and enhances repertoire of Mobile Banking Solutions, with effortless ease and without compromising quality or security.Announcing the launch, Tarang Chairman and CEO V Rama Kumar said ''to stand out from a swelling crowd of competitors, companies in financial services must find ways to broaden their portfolio and enhance the customer experience.

With Mobile Wallet and a company that is a proven leader in payments technology such as Tarang, this becomes a 'plug-and-play' situation for banking institutions looking to find new ways of engaging customers with their brand, leveraging new technologies and enhancing their solutions repertoire.'' The solution consists of a turnkey solution which includes the product, system integration training and maintenance. Tarang would set up and reconfigure the product to integrate within the banks existing branding and mobile banking system as per requirement, and develop necessary secure interfaces with its back-end system, the release added.

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