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Bharti Airtel acquired YTS Solutions for mobile payment solutions

This acquisition will help Airtel to expand its footprint in the payments sector by integrating business capabilities and unique service delivery model of the YTS.

Aug 4, 2015 16:34 IST
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India’s largest telecom operator Bharti Airtel on 4 August 2015 acquired financial solutions firm YTS Solutions for an undisclosed amount. With this acquisition, YTS Solutions will be integrated with the operations of Airtel Money Services Ltd, a subsidiary of Airtel.

This acquisition will help Airtel to expand its footprint in the payments sector by integrating business capabilities and unique service delivery model of the YTS.

Airtel M Commerce Services Ltd (AMSL) 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. After appointment, Khera will be a part of the Airtel management board and will report to Gopal Vittal, MD and CEO of Bharti Airtel, India and South Asia.

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