Oregon-based Tyfone has reportedly signed an alliance with India’s software exporter Satyam Computers for mobile financial services.

However, there are no clues about the financial details of the alliance.

According to a release by Satyam, the deal is likely to provide mobile banking, contactless payments, retail, remittance, mobile identity management services that are based on plugging into standard mobile phone Flash memory slots, and will also facilitate communication between the institutions and their clients via cell phones.