Comviva to Lead MasterCard’s Worldwide Mobile Money Partnership Program
February 25, 2012 by Microfinance Africa
Filed under Technology & Mobile Money
Press Release
- Latin America, Middle East, Africa and Asia will be the key geographies to benefit
- Comviva to lead and support the worldwide operation
Nigeria, February 25, 2012 – Comviva, the global leader in providing mobile solutions beyond VAS, today announced a strategic partnership with MasterCard (NYSE:MA) to launch a first-of-its-kind open loop Mobile Money Partnership Program. Working together, Comviva and MasterCard will help the more than 2.5 billion financially underserved consumers globally to gain access to mainstream financial services – via their mobile phone.
Building upon its leadership in technology, Comviva has created a solid ecosystem of trusted business relationships and symbiotic partnerships. This has enabled Comviva to deploy a large number of Mobile commerce solutions across the globe. Comviva’s mobiquity™ is a multi award winning mobile financial solution that has already crossed over 55 deployments, 490 million subscribers in 38 countries. With mobiquity™ mobile users can quickly, easily and safely access a range of financial payment services. It also provides multiple proven integrations – including payment, banking, credit card and ATM switches and systems.
Commenting on this strategic partnership with MasterCard, Manoranjan Mohapatra, CEO, Comviva said, “With our established leadership in empowering mobile money technology across geographies, we are thrilled to support MasterCard’s first-of-its-kind open loop Mobile Money Partnership Program. Our dominance in emerging markets makes us as an unequivocal partner of choice for MasterCard to cater to underbanked segments with intuitive financial services. With mobile financial services turning into a key business strategy for banks and telecom vendors, this program will also give the right impetus to financial and social inclusion.”
“With about five billion mobile phone users worldwide, this partnership program provides powerful, smart and convenient new payment options to people through a device that’s already in the palm of their hands today. To ensure success of this program, MasterCard has partnered with the leading players in the mobile money ecosystem. Comviva was a key partner of choice to empower billions of underserved segments in the developing market,” said Mung Ki Woo, Group Executive, Mobile, MasterCard Worldwide.
The Mobile Money Partnership Program will address the need of consumers in developing markets through a readily accessible device, the mobile phone. Comviva will work with MasterCard to enable global consumers to purchase goods and services via their mobile phone at millions of physical and online merchants, as well as transfer funds and pay bills. According to Juniper Research, the combined market for all types of mobile payments is expected to reach more than $600B globally by 2013, double the current figure.
Stored value accounts, primarily managed by mobile network operators and supported by banks, offer basic services such as mobile top-up, bill payments and P2P payments within the network. Through this partnership, Comviva and MasterCard aim to help mobile network operators and financial institutions to accelerate the development of their financial services offerings to their customers.
Click to see Comviva Video on the Mobile Money Partnership program.
Visit Comviva at GSMA Mobile World Congress Barcelona at Hall 1, 1E01
About Comviva
Comviva is the global leader in providing mobile solutions beyond VAS. With an extensive portfolio of solutions spanning VAS infrastructure, applications delivery platforms and customer-facing applications, Comviva enables mobile service providers to enrich mobile users’ lives, whilst rationalizing costs, accelerating revenue growth and enhancing customer lifetime value. Comviva’s solutions are deployed by service providers in over 90 countries and power services to over a billion subscribers globally. For more information, please visit www.comviva.com
- Follow Comviva on Twitter @ComvivaTech
- Follow Comviva on Facebook at Comviva
- Follow Comviva on LinkedIn at Comviva
About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mobile Payment Solutions (MPS) is a joint venture between MasterCard and Smart Hub Inc. that provides mobile payments processing and gateway services. MPS enables interoperability through the MasterCard Worldwide Network, providing comprehensive solutions that facilitate payments between mobile network operators, financial institutions and third party systems. Follow us on Twitter @mastercardnews, join the conversation on The Heart of Commerce Blog and subscribe for the latest news.
Media Contacts
…………………………………………………………
Sundeep Mehta
Corporate Communications
Comviva Technologies Limited
T: +91 124 481 9000
Email: pr@comviva.com
Brian Gendron
Media Relations
MasterCard Worldwide
T: 914-249-1284
Email: brian_gendron@mastercard.com
Comviva Wins Global Telecom Business Award for Innovation in E-Consumer Services for Banglalink mWallet
June 17, 2011 by Microfinance Africa
Filed under Technology & Mobile Money
Comviva Press Release
Orascom telecom Bangladesh Ltd (Banglalink), the second largest mobile operator of Bangladesh in partnership with the Comviva, the global leader in providing mobile solutions beyond VAS, has won the Global Telecom Business award for innovation in E-Consumer Services for Banglalink mobile wallet service. The service, equips customers as well as accredited agents with a stored value account to conduct a range of financial transactions including international remittance, utility bill payments and mobile ticketing using their mobile phones.
Global Telecom Business Awards were announced at the Global Telecoms Business Innovation Summit 2011, held in London recently. The GTB Innovation Awards are designed to honour innovative projects involving telecom operators and service providers around the world working in association with their vendors and suppliers.
Speaking on the occasion, Milind Pathak, Vice President SAARC, Comviva said, “We would like to thank Global Telecom Business for recognizing our efforts and commitment towards improving people’s lives through mobile solutions, such as mobile money. Comviva’s mobiquity Mobile Financial Services platform powering Banglalink mWallet, is architected to meet scalability, security and reliability requirements. Providing mobile financial services is a key focus area for us, and we are pleased to see Banglalink being recognized by the Global Telecom Business.”
Speaking on the occasion, Solaiman Alam, Head mCommerce, PR and Communication, Banglalink, Bangladesh said, “We are honored to win this award as it stands testament to our goal of making a difference to people’s lives by bringing new and affordable services to everyone. We chose to partner with Comviva due to their leadership in the mobile financial services space and their ability to deliver mobile money services efficiently. The pervasiveness of mobile telephony makes it a powerful tool to develop a sustainable financial ecosystem for the unbanked segments within Bangladesh. Banglalink has been pivotal in strengthening the country’s telecommunication infrastructure and advancing vital connectivity services to the masses.”
Banglalink’s mWallet transforms the mobile phone into a convenient cash-free and card-free transaction medium, enabling storage and transfer of money to and from a secure, stored value account. The service supports multiple transactional methods, including cash-to-bank, cash-to-cash, cash-to-wallet and wallet-to-wallet to maximize service access. The service fully complies with regulations and benefits from a robust, open ecosystem of multiple banks, money transfer operators, billers and service providers. The use of existing distribution and international payment infrastructure for cash-in and cash-out provides economies of scale and improves services access, whilst controlling financial intermediation costs to bring low-principal, high-frequency transactions into the mainstream.
About GTB Innovation Awards
The GTB Innovation Awards are designed to honour projects involving telecoms operators and service providers around the world, in association with their vendors and suppliers. It is an essential feature of the GTB Innovation Awards that projects involve a partnership between operators and vendors.
About Comviva
Comviva is the global leader in providing mobile solutions beyond VAS. With an extensive portfolio of solutions spanning VAS infrastructure, application delivery platforms and customer-facing applications, Comviva enables mobile service providers to enrich mobile users’ lives, whilst rationalizing costs, accelerating revenue growth and enhancing customer lifetime value. Comviva’s solutions are deployed by service providers in over 85 countries and power services to more than 650 million mobile subscribers globally. For more information, please visit www.comviva.com
About Banglalink
Banglalink is the second largest cellular service provider in Bangladesh. It is a wholly owned subsidiary of Orascom Telecom that launched in Bangladesh in 2005. Banglalink is considered the pioneer in making mobile telephony affordable for the mass population of Bangladesh. As of July, 2010, Banglalink has a subscriber base of 16.08 million. Banglalink is committed to improve people’s lives by introducing cost effective communication solutions. Banglalink has aggressively brought a number of innovative products and services for the first time to the mass population of Bangladesh. In April 2010, Banglalink became the first company in South Asia to launch cross border remittance services through mobile phone.
Comviva Leads in Mobile Money and Recharge Solutions Across Growth Markets, With 92 Deployments Globally
May 9, 2011 by Microfinance Africa
Filed under Technology & Mobile Money
Comviva’s mobiquity™ platform delivers mobile financial services to over 230 million mobile subscribers in more than 20 markets across Africa, Asia, Latin America and the Middle East
· mobiquity™ is currently live or being deployed by 38 service providers globally
· With 54 deployments, PreTUPS™ powers recharge for over 520 million mobile subscribers worldwide
· PreTUPS™ handles 11 million transactions daily in a single operator deployment
Nairobi, Kenya, May 09, 2011: Comviva, the global leader in providing mobile solutions beyond VAS, today announced that is has 92 deployments of mobile money and recharge solutions globally. Comviva’s multi award winning mobile financial services product, mobiquity™ is now present in 38 countries and has enabled over 230 million end customers to access and reap the benefits of convenient, card-free and cash-free financial services via their mobile phones. One leading Asian operator is performing over 410,000 utility bill payment transactions monthly on the mobiquity™ platform.
On deploying the award-winning PreTUPS™ electronic recharge solution, a leading South Asia operator penetrated the huge low-income market segment by offering previously unavailable low denomination top-ups – which now constitute over 95% of all top-up sales in that market. Across Africa, PreTUPS™ enables affordable recharge for 100 million mobile subscribers in 19 markets.
In India, a major operator, with over 100 million subscribers, is providing mobile payment and ticketing services using the mobiquity™ platform. In Bangladesh, a leading operator pioneered international remittance services between major migrant-worker markets using mobiquity™. In Cambodia, a regional bank provides an end-to end suite of financial services, including salary payments, remittance services and bill payments.
Commenting on providing consumers with convenient and affordable access to financial services, Srinivas Nidugondi, Vice President, Mobile Financial Solutions, Comviva, said, “We have long recognized that a vast and untapped opportunity exists to provide people with easy access to formal financial services across emerging markets worldwide. Enabling payments and P2P transfers is a compelling proposition – especially in markets where financial networks are relatively weak. We are leading the market in working with service providers to meet this demand.”
Comviva’s mobiquity™ mobile financial services platform is an award-winning white-labeled solution that empowers operators and financial service providers to cater to the diverse financial needs of both banked and unbanked customers. With mobiquity™, banked customers have constant and convenient access to their complete financial services portfolio, as well as the ability to carry out everyday financial transactions. Comviva’s mobiquity™ platform can also be deployed to target banked customers, providing mobile access to people’s bank accounts and credit cards and enabling bill payments on the go.
For close to a decade, Comviva has successfully supported rapid mobile communications adoption in growth markets with its PreTUPS™ prepaid recharge solution. PreTUPS™ addresses the specific challenges of highly competitive, price sensitive markets – offering flexible denominations, and supporting and simplifying extensive distribution hierarchies to enable affordable, cost-effective service delivery.
About Comviva
Comviva is the global leader in providing mobile solutions beyond VAS. With an extensive portfolio of solutions spanning VAS infrastructure, applications delivery platforms and customer-facing applications, Comviva enables mobile service providers to enrich mobile users’ lives, whilst rationalizing costs, accelerating revenue growth and enhancing customer lifetime value. Comviva’s solutions are deployed by service providers in over 85 countries and power services to more than 650 million mobile subscribers globally. For more information, visit www.comviva.com
Media Contacts
…………………………………………………………
Sundeep Mehta
Corporate Communications
Comviva Technologies Limited
T: + 91 124 481 9000
pr@comviva.com
Comviva Wins Best Software Solution and Best Emerging Market Product at World Vendor Awards 2011
May 6, 2011 by Microfinance Africa
Filed under Technology & Mobile Money
Comviva Press Release
New Delhi, May 06, 2011: Comviva, the global leader in providing mobile solutions beyond VAS, today announced that it has won the prestigious World Vendor Awards for its Dynamic Discounting Solution and its WebAxn Application Delivery Platform, at the World Vendor Awards, 2011. The award winners were announced at the gala dinner held on Thursday 5th May, 2011 at the Globe, London.
Comviva’s Dynamic Discounting Solution enables operators to optimize mobile network utilization and enhance revenues by introducing a new approach to real-time, segmented pricing. Using the Dynamic Discounting Solution, operators can dynamically model tariffs in proportion to the current load at a specific cell/mobile location – the lower the traffic volumes, the higher the discount and vice versa. WebAxn helps operators drive data revenue usage by enabling large segments of users who possess feature phones to quickly and easily discover online content. Comviva’s WebAxn was applauded for the ease with which it can facilitate use of applications by the end consumer.
Expressing his delight at winning the awards, Manoranjan Mohapatra, CEO, Comviva said, “We are honoured to win the World Vendor Awards this year and receive such positive recognition from this leading organization in the telecom world. The awards are a testament to our strong focus on delivering relevant and timely solutions to our customers in growth markets globally. Comviva constantly strives to deliver solutions that improve end subscribers’ service experience, whilst also improving overall business performance for operators through better utilization of infrastructure and resources.”
Held annually at the Globe in London, the World Vendor Awards recognize excellence among companies supplying hardware, software and services for the global telecom industry. The World Vendor Awards are organized by Total Telecom, the leading provider of news and analysis for the global telecom industry. The World Vendor Awards provide independent recognition of innovation and excellence amongst hardware and software vendors in the telecoms space. The categories this year include Outstanding Vendor of the Year, Best Specialist Vendor, Best Device, Best Brand, Best Outsourcing Initiative, Green Technology Initiative, Technology Forsight, Best Software Solution and Best Support System. Some new categories included this year were, CEO of the Year, Best Partnership Initiative, Best Hosted Solution, Best Emerging Market Product and Outstanding Contribution,
The World Vendor Awards 2011 were judged by an array of industry luminaries, including Feargal O’Rourke, Partner, Technology Tax and Legal Services PricewaterhouseCoopers; Antonio Coronado, Partner and Director, Telemark Services; Mary Lennighan, Editor Total Telecom and Camille Mendler, Head of Enterprise Verticals Informa Telecoms and Media among others. The World Vendor Awards are an acknowledgement of the finest in the mobile industry.
About Comviva
Comviva is the global leader in providing mobile solutions beyond VAS. With an extensive portfolio of solutions spanning VAS infrastructure, applications delivery platforms and customer-facing applications, Comviva enables mobile service providers to enrich mobile users’ lives, whilst rationalizing costs, accelerating revenue growth and enhancing customer lifetime value. Comviva’s solutions are deployed by service providers in over 85 countries and power services to more than 650 million mobile subscribers globally. For more information, visit www.comviva.com
Media Contacts
…………………………………………………………
Siddharth Kumar/Sundeep Mehta
Corporate Communications
Comviva Technologies Limited
T: + 91 124 481 9000
pr@comviva.com
Comviva appoints Srinivas Nidugondi to head Mobile Financial Solutions
May 4, 2011 by Microfinance Africa
Filed under Technology & Mobile Money
Comviva Press Release
New Delhi, May 04, 2011: Comviva, the global leader in providing mobile solutions beyond VAS, today announced the appointment of Srinivas Nidugondi as Vice President, Mobile Financial Solutions. Srinivas brings extensive experience in mobile banking, having until recently served as Head of Internet Mobile Platform, New Product Development & Mobile Payments initiatives at ICICI Bank. As the head of the Mobile Financial Solutions at Comviva, Srinivas will drive the growth of Comviva’s mobile financial services globally.
Commenting on the appointment, Manoranjan Mohapatra, CEO, Comviva said, “Comviva is an emerging market leader for mobile financial services. Our mobile financial solutions are deployed in over 35 markets globally. We are excited to have Srinivas as part of the team to lead and transform one of our leading business lines. He brings a breadth of experience in mobile banking and payments across various segments, including the underbanked and unbanked. His deep experience within the finance industry, coupled with his expertise in delivering critical solutions to extend financial services to people in rapidly growing markets, will enable Comviva to further build its mobile financial services business worldwide.”
Expressing his enthusiasm at joining Comviva, Srinivas Nidugondi said, “Financial inclusion, especially enabled by the mobile phone and digital channels, has been a key focus for me over the last few years and I am keen to leverage this experience to deliver mobile financial services to a wider customer base across the world. Comviva is a recognized leader in mobile financial services in India and growth markets globally and I am excited to be leading Comviva’s business in this space.”
Srinivas brings to Comviva nearly one and a half decades of experience in the banking, payments, Internet and e-commerce industry and the IT products and services sector. He established and led the business for online banking and mobile payments in a large multinational bank and also headed product management and business development functions in start-ups and IT product companies.
About Comviva
Comviva is the global leader in providing mobile solutions beyond VAS. With an extensive portfolio of solutions spanning VAS infrastructure, application delivery platforms and customer-facing applications, Comviva enables mobile service providers to enrich mobile users’ lives, whilst rationalizing costs, accelerating revenue growth and enhancing customer lifetime value. Comviva’s solutions are deployed by service providers in over 85 countries and power services to more than 650 million mobile subscribers globally. For more information, please visit www.comviva.com
Media Contacts
…………………………………………………………
Siddharth Kumar/ Sundeep Mehta
Corporate Communications
Comviva Technologies Limited
T: + 91 124 481 9000
