3i revolutionises online transactions with eMudhra

MUMBAI, INDIA: 3i Infotech, a global information technology company has announced the launch of 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.

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 license by Controller of Certifying Authorities, Department of Information Technology in Ministry of Communications & Information Technology, Govt. of India for offering digital signatures to retail consumers.

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 and would revolutionise the way various transactions happen in the country, 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.”

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 towardsproviding 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.”

eMudhra digital signatures are  powered by public-key infrastructure (PKI) technology, widely recognized as best practice for ensuring digital accountability for electronic transactions, thereby making eMudhra digital signatures an effective, secure, and easy-to implement method of providing accountability for enabling electronic transactions, while adhering to the important requirements of authentication, integrity, confidentiality, non-repudiation and legality.