Payworld, an intelligent electronic transaction platform has tied up with HCL Infosystems, India's premier IT services and distribution company, to make available a wide range of HCL distributed products to Payworld users across India. A pilot is being launched in pockets of Tamil Nadu, Karnataka and Rajasthan.

"We are delighted to partner with HCL Infosystems, the leading distribution company in India. Once we launch the pilot and implement the learnings, we will roll out the same product or add more to the portfolio across India in all places where Payworld is present," says Praveen Dhabhai, COO of Payworld, part of the USD 2 billion Sugal and Damani Group.

Sutikshan Naithani, joint president, consumer distribution business, HCL Infosystems, said, "We are happy to tie-up with Payworld to bring our extensive range of leading consumer brands to customers across the country. As one of the largest distribution organizations in India, we aim to constantly expand and strengthen our distribution network to reach out to customers in the remotest of locations."

Shares of the company declined Rs 1.25, or 3.46%, to trade at Rs 34.85. The total volume of shares traded was 315,436 at the BSE (2.49 p.m., Wednesday).