Reliance Infocomm And GE Money Sign Multi-Year Agreement

122 GE Money locations to be networked on Reliance Infocomm’s MPLS optical fiber backbone

Reliance Infocomm and GE Money today announced a multiyear agreement, where Reliance Infocomm will become the Network Service Provider for GE Money. As a part of this agreement, Reliance Infocomm will initially network 122 GE locations on its Pan-India MPLS optical fiber backbone enabling GE Money branches across India to be online.

According to Mr. Vishal Pandit, President & CEO, GE Money India, “GE Money is focusing on building accessibility through branches and alternate distribution points. Giving consistent and superior customer experience through the branches is a priority for us. The technology and connectivity of Reliance Infocomm Wide Area Network (WAN) solution will cut down transaction time enabling us to say ‘YES’ even faster to our customers, thereby enhancing their experience with GE Money”.

He added, “GE Money has world-class Six Sigma processes to improve customer response time and a processing capability of 320,000 applications per month. Reliance Infocomm is a lead player in the telecom sector and a partner in growth for us and their next-generation connectivity of our network, will further strengthen our processing capability”.

GE Money expects to expand its operation and coverage aided by this network.

Mr. Prakash Bajpai, President Broadband & Wireline Business said, “This engagement with GE is a significant milestone for our Enterprise business, and further re-enforces customer belief in our superior and scalable network infrastructure for critical business applications.”

Reliance IP-VPN is a managed, business-class network service that provides secure and reliable IP internetworking. It creates a private secure network over Reliance’s fibre based broadband infrastructure. Reliance IP-VPN is a global, next-generation VPN that combines the quality and security of ATM or Frame Relay with the flexibility and simplicity of IP, supporting all requirements of an e-business enterprise.

Reliance’s IP-VPN solution is based on the latest generation of routers and switches using MPLS at the core that allows very fast forwarding of IP data by replacing most of the routing processes used on conventional IP-based networks through the use of label switching. VPN based on MPLS forwards IP packets using labels attached to each IP packet.

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