Comviva announced that is has 92 deployments of mobile money and recharge solutions globally. Comviva’s mobile financial services product, mobiquity is now present in 38 countries and has enabled over 230 million end customers to access card-free and cash-free financial services via their mobile phones.
On deploying the 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 percent 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.
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”, said Srinivas Nidugondi, VP, Mobile Financial Solutions, Comviva.
By TelecomLead.com Team