MoneyOnMobile, Enfold join forces to provide 170 mn digital lockers

MoneyOnMobile, a leading provider of financial-services-via-mobile-phone, and Enfold, a leading provider of white-label digital lockers worldwide, have signed an agreement to provide digital lockers for MoneyOnMobile’s 170 mn customer base in India. The digital locker service will be hosted on Microsoft’s Azure from datacenters located in India.

The agreement covers more than 12 percent of India’s population, and is by far the largest deployment of digital lockers in the world. It provides a very large number of people the ability to securely store their important personal documents – Aadhaar card, PAN card, various certificates, photos, videos – or any digital file they want – including transaction receipts each time they use the MoneyOnMobile service. Documents can also be added to the lockers via email, fax, upload and via photos taken by smartphone cameras.

MoneyOnMobile currently processes over US$ 1 bn through its systems on an annual basis, delivering services directly and through its channel partners and retail outlets across the country. Enfold’s agreement with MoneyOnMobile illustrates the value that Microsoft Cloud is bringing to the Indian market. By adopting Azure as their technology platform Enfold has gained the ability to scale to hundreds of millions of users as their business grows.