Mozido, a Dallas-based provider of mobile financial services, announced it is partnering with Tata Consultancy Services to support the global expansion of Mozido's mobile payment platform, including an Enterprise Global Cloud Payment Network. The company said the partnership will create a compelling value proposition by bridging TCS's systems integration and business and compliance solutions development with Mozido's B2B and B2C multi-channel mobile financial services platform.

"(W)e see an increasing demand from our customers across a wide variety of industries to leverage mobile platforms to create cloud-based ecosystems that enhance their businesses and customer experience," said N. Chandrasekaran, TCS' CEO and Managing Director.

Mozido's mobile wallet platform integrated with TCS's mobile point-of-sale system customer loyalty platform will serve as a unified hub enabling consumer packaged goods companies, financial institutions, mobile network operators and merchants to deliver a compelling customer experience, Mozido said. The company's mPOS, powered by TCS technology platform, has enabled the company to launch Mozido Mobile Vault, or mVault, a real-time digital payment processing platform.

In addition, Mozido's Mobile Wallet, powered by TCS customer loyalty solution, will offer a suite of transactional functionalities, such as bill payment, remittances, mobile top-up, payroll deposit, and real-time marketing and redemption, Mozido said. The result is the ability to offer a suite of services reaching both banked and unbanked consumers.

"Strategic partnerships play an essential role in Mozido's global growth strategy," said company chairman Richard Braddock. "By leveraging TCS' expertise in our focus sectors of banking and finance, retail, consumer packaged goods, and government/public sector, as well as their dominant presence in our target regions, Mozido will be able to accelerate our global expansion in an extremely competitive space."

Braddock said the pairing will give the partners a commanding position in the market.

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