Mahindra Comviva celebrates 10 years of mobiquity Money

Share

Comviva and Cassava Fintech  jointly won the GSMA GLOMO award in the “Best Mobile Innovation for Women in Emerging Markets” category for the EcoCash Savings Club service powered by Comviva’s mobiquity Money platform. EcoCash Savings Club developed and managed by Cassava Fintech and powered by Comviva was recognised for its ability to increase digital & financial inclusion for women in Zimbabwe, as well as supporting the SDGs.

The win coincides with mobiquity Money’s ten-year milestone. “We are the number one player in this space and we are gaining market share,” said Srinivas Nidugondi, head of mobile financial solutions at Mahindra Comviva. “What makes us different is that this product has now been live for ten years, it’s been through multiple generations. Moreover, the ability to have the amalgamation of thought processes around financial services and mobility through telecoms is also critical.”

Nidugondi further added how Comviva has created a subsidiary called Terrapay that enables remittances coming from people working outside the country, for example. The company has also put in place smart payment gateways. “We are trying to plug in the various aspects of the value chain. What we are also trying to do is ensuring e-commerce transactions.”  In the emerging markets, Comviva is also working in the  micro-loans space as well as enabling the move from financial inclusion to wealth inclusion.  At the MWC 2018, Comviva launched the fifth generation platform of mobiquity Money.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story