Mahindra Comviva introduces new digital payment ecosystem

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Mahindra Comviva, the global leader in providing mobility solutions, announced the release of the new and upgraded mobiquity® Wallet 2.0.  The second generation of mobiquity® Wallet will offer digital wallet providers the flexibility to adapt quickly to evolving customer needs, meet business and regulatory expectations and focus on monetization strategies.

Pioneers in the mobile financial services space, Mahindra Comviva recognized the need to drive innovations in the nascent mobile wallet space early on. Its mobiquity® Wallet powered South Asia’s first HCE based mobile proximity payment solution for a leading bank.

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mobiquity® Wallet 2.0 continues on this path of innovation and is the next step towards a truly trusted digital ecosystem that digital wallet providers can use to deliver enhanced customer experience.

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mobiquity® Wallet 2.0 features easy-to-use, interactive GUI that allow clients to quickly make configuration changes, create and modify fee and strengthen security. It delivers a holistic experience that meets the needs of consumers and regulator while reacting to a continuously evolving business strategy – all this through a few clicks.

Speaking on the occasion, Srinivas Nidugondi, SVP Mobile Financial Solutions, Mahindra Comviva said, “The key to a vibrant, viable mobile based payments system is a robust platform that underpins its business needs and operations and is agile enough to respond to changing market dynamics on the go. This platform will help digital wallet providers – banks, retailers or network operators – to simplify operations at the backend by providing flexible frameworks and simple interface driven business definition.”

Adding further he says, “The mobile payments landscape is complex. There are so many different pieces to the puzzle – flexibility, security, responsiveness – that have to be brought together to cater to the diverse needs of different stakeholders in the system.”

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