CreditPilot and Tata Communications Enter A Financial Technology Partnership
Summary
Under the terms of a joint Engagement Agreement (EA), Tata Communications and CreditPilot will form a joint task force to assess the integration of the provision of financial services with the Tata Communications MOVE™ - Mobile Virtual Network Operator Enabler (MVNE) platform. CreditPilot will provide consultancy services necessary to ensure continued regulatory compliance of financial products created as a result of the engagement. Through this engagement, CreditPilot and Tata Communications aim to facilitate the proliferation of financial services to prepaid mobile users through MNOs and MVNOs. In 2018, CreditPilot’s various platforms, developed, owned or operated by the company and/or its affiliates or licensees, have processed approximately €2.7 billion worth of transactions. CreditPilot is a full member of ITU, United Nations’ telecommunications regulatory body, and active participant of ITU’s Financial Inclusion Global Initiative (FIGI).
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