Nearly 50% of the world’s adult population is un-served by the formal banking system. However, un-served does not mean un-servable. With mobile penetration above 90%, mobile money is rapidly emerging as an alternative to meet the financial needs of the unbanked and under-banked, transforming the way people save, borrow, transfer and spend money. Mahindra Comviva’s mobiquity® Money is equipping financial service providers to leverage the mobile financial services opportunity with a comprehensive mobile money solution that rapidly delivers a set of rich financial services and builds an efficient partner ecosystem.
mobiquity® Money provides mobile users with a mobile stored value account for conducting various financial transactions such as money transfers, utility bills payments, merchant payments, ticket purchases and sending or receiving international remittances. The platform enables financial service providers to move the customer up the financial ladder by offering mobile based micro-financial services such as savings, loans and insurance. The platform empowers businesses to credit salaries and governments to distribute cash subsidies and relief aid.
mobiquity® Money is a secure, scalable, flexible and transparent solution that can seamlessly integrate with banking and third-party systems fostering open eco-systems. Our partnership with MasterCard allows open loop payments and enables rapid expansion of the merchant acceptance network. Pre-integration with remittance service providers such as Western Union, facilitates quick launch of international remittance service. Robust service security, coupled with payment-grade security, helps reduce fraud and gain the customers’ trust
mobiquity® Money empowers service providers to drive mobile money usage and build deeper customer relationships by delivering promotions and loyalty programs. Mahindra Comviva also offers end-to-end technical and business operations support that allows our customers to focus on service innovation and customer relations.
mobiquity® Money highlights:
- Powers mobile money services for over 50 telecom operators and banks
- Facilitates mobile financial services for over 35 million mobile users worldwide
- Processes over 700 million financial transactions annually
- Handles financial transactions amounting to more thanUSD 13.5 billion annually
mobiquity® is the registered trade mark of Comviva Technologies Limited in India
Products and Services
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