Spanco has emerged as the most qualified bidder to implement mobile banking and mCommerce related application and services for Central Bank of India (CBI). The other potential bidders in the fray were FSS, Atom Technologies, CSI, Contact Tech Solution, Telemunes Software. Only FSS and Spanco qualified for the price bid opening after meeting stringent Technical requirements.
The company emerged as the most qualified bidder on the basis of technical score and price bid. Mobile Banking is part of Spanco’s eGovernance business unit and Mobile banking has been an area of immense interest for the banks due to its convenience, security and low cost of transaction.
Spanco has the largest market share in the country when it comes to mobile based transactions. Out of the more than Rs 2000 crore worth of mobile based transactions that happened in FY13, 90% were on Spanco’s mobile banking platform. State Bank of India, Canara Bank and J&K Bank are the other banks who use Spanco’s Mobile Banking Platform.
Spanco will build a full services mobile based application for the bank thus enabling CBI’s customers to avail all the services on their mobile. It will also build a secure and robust mCommerce platform for the customers to have the convenience to do extensive utility and other transactions through their mobile. In addition to this Spanco will help CBI customers to migrate seamlessly to the mobile banking application by conducting campaigns and road shows. Spanco’s mobile banking system works on all phones irrespective of their make and model.
| Company Name | CMP |
|---|---|
| Quess Corp | 658.40 |
| eClerx Services | 2638.75 |
| Info Edge | 6404.00 |
| Affle 3i | 1581.00 |
| Firstsource Solution | 323.95 |
| View more.. | |
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