Comviva accelerates the expansion of electronic fiscal services in Middle East

DUBAI, U.A.E, Feb. 2, 2021 /PRNewswire/ — Comviva, the world-wide leader in digital financial answers, today announced that its flagship mobiquity® system, that powers in excess of 70 digital economical providers in much more than 50 nations around the world, is rapidly increasing its existence in the Center East and transforming the digital payments and banking landscape in the area. In Middle East, mobiquity® system is enabling 15 banking institutions and telecom operators in 9 nations to give practical and protected digital wallet, digital banking and contactless payment services to hundreds of thousands of people.

Comviva’s mobiquity® system is amongst the world’s biggest white-labelled digital financial products and services platform conference the economic demands of in excess of 130 million individuals and processing 7 billion transactions valuing US$ 130 billion yearly. In Center East, 10 financial institutions in nations which includes Oman, Qatar, Kuwait and Jordan have leveraged Comviva’s international working experience in electronic fiscal solutions to carry the hottest digital wallet and payments capabilities to the area.

mobiquity® system which involves products which include mobiquity® Pay back  and mobiquity® Banking Suite offers a host of electronic products and services these kinds of as holistic, feature-loaded and hyper-customized electronic wallets. It  gives digital payments ranging from remittances to service provider payments contactless cell ‘tap & go’ payments working with HCE know-how and Tokenization and multi-channel customized digital banking experience which features mobile banking, net banking and banking on Gen-II channels.

Digital wallet is one particular the most commonly deployed and employed operation of the mobiquity® platform. It simplifies digital payments, boosts the buyers encounter and caters to different requirements of numerous buyer segments. For shoppers who want a pay as you go digital wallet mobiquity® delivers a saved worth account (SVA) facilitating a number of money transactions this kind of as revenue transfers, bill and service provider payments, wage payments and many others. For buyers who want to use their present cards and financial institution accounts, mobiquity® offers the choice to help save a payment instrument like a credit card, debit card or bank account with the digital wallet to make payments. 

Vivek Agrawal, Vice President and Head of Business Business at Comviva said, “The digital monetary providers place in Middle East is evolving really swiftly. Currently, people are demanding thorough economical products that supply new products and services, home revolutionary features and aid more quickly payments and a frictionless working experience. Our mobiquity® system caters to these specifications featuring individuals a world-course digital practical experience in payments and banking.”

mobiquity® is a cloud indigenous platform with an open up source tech stack. It enables an open up source chain with respect to hardware. The cloud based deployment allows reduction of fees to start a electronic wallet and payment assistance and thereafter scale quickly with Auto-scaling functionality. Open supply chain enables a reduction in hardware charge. It supports deployment on both equally on personal and public clouds which includes but not constrained to Amazon AWS, Oracle cloud or Azure. mobiquity® system also supports 100 per cent automated deployment. This is enabled using a ongoing integration and continuous shipping and delivery (CI/CD) pipeline based strategy.

mobiquity® also accelerates time to launch new digital wallet and payment companies, supplying competitive advantage to electronic financial services companies this sort of as financial institutions and telecom operators. It enables the Organization or IT Teams of the company company with fast start of new digital wallet and payment solutions or customizing the current provider flows in somewhere around 1 fifth the time taken working with the extensibility framework with an effortless to use World-wide-web interface. The assistance generation manager helps in development of new expert services by cloning current providers and modifying the business enterprise movement. mobiquity® expedites speedy provider expansion for builders and third-social gathering services suppliers, by providing open up APIs to allow integration with the digital monetary expert services ecosystem. Supporting around 1,000 integrations across deployments, mobiquity® provides technology groups with a middleware layer to empower more rapidly third-bash integrations, lessening go-to industry time substantially.

mobiquity® is a a single-end remedy for all necessities pertaining to electronic wallet and payments. It is a holistic platform serving shoppers, assistance vendors and their associates alike. From a millennial shelling out seamlessly in-retail outlet applying service provider code, scanning a QR Code or Tap and Pay to a worker sending cash quickly and securely to his loved ones in few clicks, mobiquity® empowers people to conduct all styles of electronic payments for their wants as a result of channels such as cell software, QR Codes, NFC et al.

About Comviva Technologies Ltd.

Comviva is the world wide chief in cellular options catering to The Organization of Tomorrows. The business is a subsidiary of Tech Mahindra and a element of the $21 billion Mahindra Team. Its comprehensive portfolio of solutions spans electronic fiscal services, purchaser value administration, messaging and broadband remedy and digital way of life services. It enables provider vendors to enrich consumer experience, rationalize costs and accelerate profits development. Comviva’s methods are deployed by over 130 cellular company suppliers and fiscal establishments in more than 95 countries and enrich the life of in excess of two billion individuals to provide a better foreseeable future. For extra information and facts, remember to go to www.comviva.com

For further enquiries, remember to make contact with:
Sundeep Mehta 
PR & Corporate Communications 
Comviva Systems Ltd.
E mail: [email protected]  

Source Comviva

Rachel C. Carpenter

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