The World Finance Technology Awards 2013 has honoured Mahindra Comviva with the best Mobile Banking Technology award recently in London for its work in delivering relevant technology solutions for accelerating financial services growth in Asia and Africa.
Â
Srinivas Nidugondi, Head of Mobile Financial Solutions, Mahindra Comviva, said, The convergence of banking and mobile has a strong transformative potential in the Asian and African economies, as mobile networks are very often the only communications infrastructure and mobile devices the most widely available platform for consumers to initiate transactions with banks. The award is a validation of our unrivalled experience, in-depth understanding of the market and technical expertise to deliver solutions which support rapid and seamless scaling of the payment services network to bring innovative, mobile financial services to consumers.
Â
According to Mahindra Comviva, its mobiquity mobile financial services platform enables banks and mobile network operators to cater to diverse financial needs of banked and unbanked customer segments. Deployed by over 60 financial and non financial institutions in 38 markets across the globe, mobiquity accelerates the shift from a “cash to a cashless” economy. It has been reported that, in 2012, the system processed transactions approximating US$5 billion in value.
Â
The company claims that easy access, simplicity and convenience offered by the mobile as a transactional channel have helped bring 30 million households into the formal financial services fold in cash-intensive economies of Asia and Africa.
Image Gallery
