Tellinnovation, Sobha IT arm pact
By siliconindia   |   Tuesday, 15 July 2008, 19:30 IST
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Bangalore: Bangalore based, Telinovation, an e-payment channel and an innovator of multi-delivery amenity banking (MDAB) payment technology, joins in a partnership deal with Sobha Rennaisance Information(SRIT). Sobha Rennaisance Information(SRIT), an IT services company, which mainly deals in HealthCare, Telecom, Government Enterprise & General Enterprise, will become the third party e-payment gateway provider in India. MDAB enables banks and amenity providers to have real time fund settlement on various delivery platforms like PoS, Mobile ayment, Web and ATM through card and cash. A third party e-Payment gateway enables businesses to sell their products and services through bank acquired retail without paying any caution money or credit risk worries. The channel expresses its delight, the CEO Debashish Choudhury says, "With their global presence, SRIT will enable us to address newer and emerging markets."

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