Financial soft form alliance with Globe Tel

By agencies   |   Tuesday, 29 November 2005, 08:00 Hrs
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CHENNAI: Financial Software and Systems Pvt Ltd (FSS) has formed an alliance with GlobeTel Communications Corporation to develop and market stored value and fund remittance solutions. The alliance is to target the $12 billion Indian remittance market, the Chennai-based FSS said in its statement.

The GlobeTel stored value card program enables cardholders to send money worldwide, receive one's payroll through a card, global access to funds at over 10,00,000 ATMs (automated teller machine), facilitate purchases of goods and services at merchant locations and pre-paid calling at some of the lowest rates around.

This alliance will provide FSS an opportunity to launch a solution combining its distribution channel and financial transaction solution and GlobeTel's Stored Value Card technology platform, the release said.

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