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Wipro Technologies to Develop Wireless m-Commerce, Financial Services and Telecom Software Solutions
6th August 2002

Wipro Technologies and Upaid announced the signing of an agreement for software development and maintenance services.

Under the terms of the agreement, Wipro will develop new m-Commerce, financial services and telecom software solutions for Upaid and also offer maintenance services for Upaid's existing solutions. Through this association, Upaid will derive significant benefits by leveraging on Wipro's quality processes and telecom domain expertise and enhance its market lead in developing real-time software solutions.

"3rd generation wireless technologies are going to be the future for Europe. Our relationship with Upaid reinforces our capabilities to execute projects in leading-edge areas and is a result of our focus on solutions and system integration," said Sudip Nandy, Vice President Sales & Marketing Europe, Wipro Technologies.

"We are pleased to partner with Wipro for developing new, Upaid designed and specified products and for providing maintenance services for us," said Johann Hemetsberger, Chief Technical Officer, Upaid. "Wipro's engineers are highly competent in all of our technology domains, are flexible, time-to-market-oriented and strive to meet the highest industry standards. This partnership will substantially enhance our market lead in developing real-time software solutions for m-Payment and roaming services," he added.

"We see Upaid as stable long term partner and are proud to have the opportunity to contribute to the development of a world class platform," said, T.K. Kurien, Chief Executive, Telecom and Internet Service Provider Solutions, at Wipro.

About Upaid
Voice went wireless, now data and money go wireless, and the mobile phone becomes the preferred multi-purpose device. Upaid paves the way for the convergence of mobile communications and financial services, through its real-time software solutions for next-generation wireless pay-as-you-use roaming and mobile payment services. Upaid enables from advanced prepaid voice roaming services to real-time data transactions, from multimedia communications to unified payment applications across multiple data networks and telecom infrastructures (GSM, GPRS, CAMEL, CDMA, TDMA, 3G).

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