DUBAI, United Arab Emirates, February 2, 2021 / PRNewswire / – Comviva, a world chief in digital monetary options, as we speak introduced that its flagship mobiquity® platform, which powers greater than 70 digital monetary companies in additional than 50 international locations, is quickly increasing its presence within the center East and rework the banking and digital funds panorama within the area. In center East, the mobiquity® platform permits 15 banks and telecom operators in 9 international locations to supply handy and safe digital pockets, digital banking and contactless cost companies to hundreds of thousands of customers.
Comviva’s mobiquity® platform is among the many world’s largest white-label digital monetary companies platform, assembly the monetary wants of greater than 130 million customers and processing 7 billion transactions valuing $ 130 billion yearly. In center East, 10 banks in international locations together with Oman, Qatar, Kuwait Y Jordan have leveraged Comviva’s international experience in digital monetary options to deliver the newest digital pockets and funds capabilities to the area.
The mobiquity® platform, which incorporates merchandise together with mobiquity® Pay and mobiquity® Banking Suite, presents a bunch of digital companies resembling holistic, feature-rich and hyper-personalized digital wallets. Provides digital funds starting from remittances to service provider funds; ‘faucet & go’ contactless cell funds utilizing HCE and Tokenization expertise; and multi-channel customized digital banking expertise that features cell banking, Web banking and banking on Gen-II channels.
Digital pockets it is among the most generally applied and used options of the mobiquity® platform. It simplifies digital funds, improves the buyer expertise, and meets the completely different wants of assorted client segments. For customers who want a pay as you go digital pockets, mobiquity® presents a Saved Worth Account (SVA) that facilitates a number of monetary transactions resembling cash transfers, service provider and invoice funds, wage funds, and many others. For customers who need to use their current playing cards and financial institution accounts, mobiquity ® gives the choice to retailer a cost instrument resembling a bank card, debit card or checking account with the digital pockets to make funds.
Vivek Agrawal, Vice President and Head of Enterprise Companies at Comviva mentioned, “The digital monetary companies house in center East it’s evolving very quickly. At present, customers demand complete monetary merchandise that supply new companies, incorporate modern options, and facilitate sooner funds and a frictionless expertise. Our mobiquity® platform It meets these necessities by providing customers a world-class digital banking and funds expertise. “
mobiquity® is a cloud native platform with a stack of open supply expertise. It permits an open provide chain with respect to hardware. Cloud-based implementation permits price discount to launch a digital pockets and cost service after which scale rapidly with Computerized scaling performance. The open provide chain permits a discount in the price of hardware. Helps deployment to private and non-private clouds, together with however not restricted to Amazon AWS, Oracle Cloud, or Azure. The mobiquity® platform additionally helps 100% automated deployment. That is enabled utilizing a steady integration and steady supply (CI / CD) pipeline based mostly strategy.
mobiquity® additionally accelerates the time to launch new digital wallets and cost companies, offering a aggressive benefit to digital monetary service suppliers resembling banks and telecom operators. It permits the service supplier’s IT or enterprise groups to rapidly launch a brand new digital pockets and cost companies or customise current service flows in a few fifth of the time required to make use of the extensibility framework with a simple to make use of internet interface. The service creation supervisor assists within the creation of recent companies by cloning current companies and modifying the enterprise stream. mobiquity® accelerates fast service growth for third-party builders and repair suppliers by offering Open APIs to allow integration with the digital monetary companies ecosystem. Supporting over 1,000 integrations throughout deployments, Mobiquity® gives expertise groups with a layer of middleware to allow sooner third-party integrations, dramatically lowering time to market.
mobiquity® is a complete answer for all digital pockets and cost associated necessities. It’s a holistic platform that serves customers, service suppliers, and their companions alike. From a millennial who seamlessly pays on the retailer utilizing a service provider code, scanning a QR code or Faucet and Pay to a employee who immediately and securely sends cash to their household with just some clicks, mobiquity® permits customers to carry out all types of digital funds in your wants channels together with cell functions, QR codes, NFC et al.
About Comviva Applied sciences Ltd.
Comviva is the world chief in cell options serving the enterprise of tomorrow. The corporate is a subsidiary of Tech Mahindra and a part of the $ 21 billion Mahindra Group. Its broad portfolio of options encompasses digital monetary companies, buyer worth administration, messaging and broadband options, and digital life-style companies. It permits service suppliers to enhance the client expertise, streamline prices, and speed up income development. Comviva options are applied by greater than 130 cell service suppliers and monetary establishments in additional than 95 international locations and enrich the lives of greater than two billion individuals to supply a greater future. For extra info, go to www.comviva.com
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