On 4 August 2015 Bharti Airtel earned financial solutions firm YTS Solutions for an undisclosed amount. With this advantage,YTS Solutions will be combind with the operations of Airtel Money Services Limited.This acquisition will help Bharti Airtel to expand its mark in the payments sector by the integrating business capabilities and the unique service delivery model of the YTS solutions.Bharti Airtel M-commerce Services Limited offers wallet service under the brand name Airtel-Money.
Appointment of CEO of AMSL:
The company also appointed YTS’s co founder Manish Khera as CEO of its mobile wallet service Airtel M-commerce Services limited.After the appointment, Khera will be a part of the Airtel management board and will report to Gopal Vittal.
Telecom operator Bharti Airtel acquired YTS Solutions for mobile payment solutions
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