The acquired business will be integrated with the operations of Airtel Money Services Ltd, a subsidiary of Airtel.
Commenting on the proposed integration, YTS Co-founder and CEO Shweta Aprameya said "Our entrepreneurial journey has been very fulfilling working at grass-root levels in India. Within a short span of time, YTS has been able to lay a strong foundation developing a long-term sustainable business in a market crowded with commoditized discounted offerings. We are glad that a large & reputed organization like Airtel respects and has accepted our business approach. The integration will enable us to expand our presence and catapult our plans many times over. We are excited about our future prospects and the roadmap ahead."
As a result of the integration, Manish Khera, Co-founder and MD of YTS Solutions will be appointed as the CEO of Airtel M Commerce Services Limited (AMSL) and will play a pivotal role in steering the growth and expansion of Airtel’s payments & mobile financial services business.
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