City-based Tarang Software Technologies (Tarang), a provider of payment solutions to Banks, announced on Monday — that it has launched ‘Mobile Wallet’ — the mobile version of its account aggregation solution ‘Account Wallet’.

Mobile Wallet allows a bank’s customer to access their entire financial portfolio via their mobile phones securely, while the bank takes their gamut of offerings one step further and enhances their repertoire of mobile banking solutions, the company said in an official statement. “With Mobile Wallet and a company that is a proven leader in payments technology such as Tarang, this becomes a ‘plug-and-play’ situation for banking institutions looking to find new ways of engaging customers with their brand, leveraging new technologies and enhancing their solutions repertoire,” Tarang Chairman and Chief Executive Officer (CEO) V Rama Kumar said in the statement.
With Mobile Wallet, a bank’s customers will be able to access, view, print and receive alerts on all their financial information, including online banking, bill pay, brokerage, loans, credit cards, etc.

He can also get fixed deposits and reward points information, not only from the bank but also from other financial institutions, through a single user interface.
Essentially, the service provides the convenience of remembering only a single internet banking password to access and manage multiple accounts online with built-in security to protect consumers and data.