Airtel acquires YTS for mobile payment solutions

India’s largest telecom operator Bharti Airtel has acquired YTS Solutions a mobile payments solutions company for an undisclosed price.
YTS Solutions will be integrated with the operations of Airtel Money Services Ltd a subsidiary of Airtel.
This acquisition will help Airtel to expand its footprint in the payments sector by integrating business capabilities and unique service delivery model of the YTS.
In line with this acquisition the co-founder and MD of YTS Solutions, Manish Khera, will be appointed as CEO of Airtel M Commerce Services Ltd (AMSL) which offer wallet service under the brand name ‘Airtel Money’.

Month: Current Affairs - August, 2015