Cloud-based multitenant platform, UNO, will help Lebara in optimising its cloud resources and utilising software licences, leading to a short turnaround time to onboard enterprises, Comviva said.
The investment in the new division, to be led by Gurugram-headquartered Comviva's team, will be Rs 500-700 crore over the next two-and-half years, CEO & MD C P Gurnani said.
Prime Ventures and Partech Partners are co-investing in TerraPay, along with International Finance Corporation, a member of the World Bank Group, a firm said.
Software services provider Tech Mahindra's second quarter profit is likely to fall 12.5 percent sequentially to Rs 697 crore, according to analysts polled by CNBC-TV18.
Analysts polled by CNBC-TV18 say seasonal decline in Comviva (USD17-18 million impact), some decline in BT revenue and the absence of any large deal ramp-ups may hurt top line.
IT services major Tech Mahindra today said it has signed an agreement to acquire the IT and consultancy services business of chemical giant BASF in a bid to strengthen its presence in Western Europe.
Sunil Mittal single-handedly built Indian telecom. Now he must save it, starting with Bharti Airtel.
In an interview to CNBC-TV18's Kritika Saxena, the management, including chief financial officer Sonjoy Anand and executive vice chairman Vineet Nayyar, spoke about the Q2 results.
Tech Mahindra today said it has acquired 51% stake in Gurgaon-based mobile application firm Comviva from Bharti Group and other shareholders for Rs 260 crore.
Software services provider Tech Mahindra today announced acquisition of 51% stake in mobile value added services providers Comviva, in which Bharti Group has a major stake, for Rs 260 crore.
Tech Mahindra acquires 51% stake in Comviva, the VAS, mobile money and mobile payment solutions provider.
Comviva's mobiquity platform to enable banks and mobile network operators to offer managed mobile banking services.
Comviva, a global leader in providing mobile solutions, today said it has entered into a partnership with MasterCard to launch what it called first-of-its-kind open loop Mobile Money Partnership Program.
Mobile services provider Comviva, after conquering the African continent, has plans to go solo in India and succeed without parent Bharti’s help.
After launching its cloud based messaging and data solution in the U.S., Comviva is all set to go globe trekking.
Bharti Airtel, India's biggest mobile operator, said on Wednesday mobile software maker Comviva will manage its value-added services across 16 African operations under a five-year deal.