Infosys has announced that it is partnering Africa’s Standard Bank using its Finacle digital commerce solution.

The company in a release said that Finacle digital commerce solution helps unlock new revenue streams not only for financial institutions, but also telecom service providers and retailers by enabling instant cashless payments and commerce between merchants and consumers.

Commenting on the partnership, Mr Terry Moodley, Chief Executive, Personal and Business Banking Africa at Standard Bank, said: “Mobility is a critical component of our business growth in Africa. We see the rapid proliferation and take up mobile and mobility services, and in some areas Africa is leading the way for the rest of the world.’’

Mr Haragopal Mangipudi, Global Head-Finacle, Infosys, said: “We believe there is a growing market for payments, and cost-effective agency services, driven by access to digital channels.’’