India-based TimesofMoney, which calls itself a global digital payments specialist, announced that it recently launched its suite of comprehensive mobile money products called Movit, which caters to the burgeoning mobile payments market in the region.

TimesofMoney said in a press release that the Movit platform serves various verticals and businesses including banks, telecom companies, government utilities and retail stores, by creating a host of services that aid financial inclusion. These services include mobile commerce, agency banking, peer-to-peer remittances, and others. Movit is device agnostic and can be customized to smartphones as well as feature phones, according to the announcement. 

Talking about Movit, Avijit Nanda, CEO of TimesofMoney, said: "TimesofMoney has several success stories to its credit. We have engaged with international clients for Movit and in fact are in the process of deploying it in Africa currently. Since Movit’s primary delivery channel is the mobile phone, it gives a huge thrust to the financial inclusion agenda of governments in emerging economies of India, Asia and Africa where there is an ever-increasing mobile penetration."