Wipro Technologies to Develop m-Commerce, Financial Services and Telecom Software Solutions for Upaid

8/6/2002 - Wipro Technologies and Upaid signed an agreement for software development and maintenance services. Wipro Technologies is the global IT services division of Wipro Limited and Upaid is a pioneer of real-time software solutions for next-generation pay-as-you-use roaming and mobile payment services to mobile operators and financial service & content providers.

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 (www.upaid.net)
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).

Upaid operates in Europe, Asia and Latin America and holds U.S. patent rights, pending in an additional 46 countries. Upaidô is a trademark of Upaid Systems, Ltd.

About Wipro Limited (www.wipro.com)
Wipro Limited is the first PCMM Level 5 and SEI CMM Level certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock exchange - Mumbai, and the National Stock Exchange, among others.

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