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3i Infotech Brings eMudhra To Retail Consumers
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eMudhra would be offered through 3i Infotech Consumer Services Ltd.
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Friday, November 14, 2008:
3i Infotech has launched eMudhra, an initiative to roll out digital signatures. With eMudhra, 3i Infotech will transform the way various transactions are conducted in India and empower Indian consumers to use technology beyond basic services, the company said. eMudhra would be offered through 3i Infotech Consumer Services Ltd, a wholly owned subsidiary of 3i Infotech. 3i Infotech Consumer Services Ltd has been granted licence by Controller of Certifying Authorities, Department of IT in ministry of communications and information technology, Govt of India for offering digital signatures to retail consumers.
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eMudhra Digital Signatures can be used for: online banking, credit card or loan application (origination), other instruction like ECS mandate, online trading, online trading origination, insurance origination/claims, eCommerce, eTender, eProcurement and eGovernance.
As eMudhra would provide a secure and authentic way to send and file forms and instructions electronically, over time it would move a number of paper-based transactions into electronic transactions, 3i Infotech claimed. For example, while hitherto even after online tax filing, one has to send a signed physical form separately, digital signatures will obviate the need for sending physically signed forms, and while hitherto banks restricted the amount for online money transfer to smaller amounts, with digital signatures they would be able to transfer any amount.
Commenting on the occasion, V. Srinivasan, managing director and CEO, 3i Infotech, said, “At 3i Infotech, we are committed to deepen our focus towards the domestic market and drive innovative technology that is beneficial to the end consumers. With this objective, we launched our Consumer Services division. We are pleased to introduce eMudhra, an initiative which demonstrates our passion to deliver trusted value-added services to our customers that will change the way customers use Internet in their daily lives.”
Shared Ravi Jagannathan, managing director and CEO, 3i Infotech Consumer Services Limited, said, “We are the first company to launch eMudhra Digital Signatures for retail consumers. eMudhra will revolutionalise the way an individual performs his day to day financial and legal functions. This initiative is an important milestone in our journey towards providing disruptive solutions to the Indian consumers, and we are confident that our investment and commitment will benefit them and keep them at par with consumers of any developed economy.”
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