MoneyOnMobile and Enfold signed an agreement to provide digital lockers for the 170 million individuals that constitute MoneyOnMobile’s unique user base. MoneyOnMobile is a leading provider of financial services via-mobile phone in India. It currently processes over US$ 1 billion through its systems on an annual basis and has delivered services to over 170 million Indians directly and through its 310,000 channel partners and retail outlets across the country.
Enfold is a leading provider of white-label digital lockers worldwide, with a particular focus on the telecom, banking and insurance sectors. It is backed by a range of investors, led by the Shapoorji Pallonji Group of Mumbai, India. The digital locker service will be hosted on Microsoft’s Azure data centers located in India.