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Euronet and Infinitium signed strategic alliance.
Avid online shoppers in India will now be able to enjoy more secure online transactions, thanks to a strategic alliance between Euronet Services India Pvt Ltd and Infinitium Holdings Pte Ltd. With this partnership in place, Euronet will be able to implement Infinitium’s online authentication and authorization systems, while Infinitium gets the chance to penetrate one of the largest markets in the world.
Himanshu Pujara, Managing Director, Euronet India and South Asia, said: “The Indian eCommerce industry has witnessed relentless, expansive growth over the past few years and this is expected to continue over the next few years with secular trends around internet, smart phone penetration and rising income levels. We are looking at exploiting this opportunity of enabling secure online transactions through a world-class service offering with a scalable and compliant authentication platform.”
Moving on, Infinitium will provide and maintain the back-end solutions for secured Bank Payment Gateways (BPG) and 3-D Integrated Mobile Secure (IMS) authentication platforms for Euronet.
This alliance is important because while digital payments continue to gain traction, transaction security and volume capacity represent two important aspects that need to be improved. Digital payments can be a game-changer in terms of bringing new conveniences for the people of India, and authenticated payment platforms is a means for this to happen.
(From left to right) Himanshu Pujara, Managing Director of Euronet Services India; Ho Ching Wee, Chief Executive Officer of Infinitium Holdings; and Sam Oon, General Manager of Infinitium Solutions.