MOS Utility Ltd.’s Subsidiary MOS Log Connect and Spacemantra Solutions Partner to Revolutionize Online Lotto Ticket Distribution in India
MOS Utility Ltd. (NSE: MOS), through its subsidiary MOS LOG Connect Private Limited, is pleased to announce the formalization of a service agreement with Spacemantra Solutions Private Limited, a subsidiary of Rhiti Sports Group. Rhiti Sports, a leading name in innovation-driven initiatives, has announced a strategic partnership with MOS Utility Ltd, a fast-growing FinTech company listed in 2023, to redefine India’s lotto industry.
This agreement aims to drive the marketing and sale of online lotto tickets across India. Under this agreement, MOS LOG Connect will act as a master marketing agent for the sale of online lotto tickets, leveraging its extensive distribution network and advanced technology platform to deliver seamless, secure, and accessible services. Under this initiative, MOS Utility Ltd and Rhiti Sports will empower agents nationwide to facilitate the sale of online lotto tickets. The project aligns with the “Digital India” vision, promoting transparency and creating job opportunities across urban and rural areas.
With the marketing license issued by the Directorate of Small Savings and Lotteries, Government of Goa, Great Goa Games (GGG) is set to become a trailblazer in India’s lotto industry, which currently operates largely on a paper ticket-based system prevalent in over 10 states in India. With online lotto streamlining processes through technology, Government of Goa has set a new standard in the lotto industry.
The new online system will be entirely paperless, leveraging cutting-edge technology to provide seamless opportunities for lotto enthusiasts across the country. By transitioning to a technology-first approach, the initiative will promote accountability and fairness, expanding access to secure and user-friendly digital lotto services. The multi-tiered distribution framework, involving Agents, Distributors and Master Distributors, will create employment and entrepreneurial opportunities across the country, while also empowering stakeholders.
Chirag Shah, Co-Founder, Chairman and Director of MOS Utility Limited, remarked: “This partnership with Rhiti Sports Group aligns with our mission to innovate and expand financial solutions across India. By integrating technology with a robust distribution framework, we aim to make online lotto ticket sales more accessible and trustworthy.”
Arun Pandey, Chairman and Managing Director of Rhiti Group, added: “This partnership is a key step in transforming the lotto industry. By leveraging innovative technology, we aim to improve transparency, accessibility, and inclusivity, creating growth opportunities and empowering communities through financial inclusion.
“MOS Utility Limited is set to unlock new opportunities and enhance its market presence through a strategic partnership with Rhiti Sports Group for online lotto Ticket Distribution. This collaboration will be governed by the specifications of work, conduct, requirements, standards, and operating procedures outlined in the Agreement. This new business venture is expected to significantly contribute to the growth in revenue and profitability of MOS Utility Limited.
MOS Utility Limited is one of the leading fintech companies, offering different types of Fintech and Utility Payment Solutions services to businesses and individuals. With a customer-centric approach, the company is committed to delivering seamless and secure fintech solutions that enhance accessibility and drive financial inclusion. MOS has rich and varied experience with reputed Giant corporations in India, MOS is a conglomerate of various businesses web & App based banking /travel/utility services etc. MOS has set up a well-knit Agent network over more than 25 states which is a vast network that would result in a massive impact in reaching last-mile consumers.