New Delhi, India, October 21, 2014: Smartphones, tablets, phablets etc. have empowered users with portability and connectivity 24*7; it has revolutionized the way people ever thought about mobile phones beyond calls and messages. With upcoming faster technologies like 3G/4G users expect more from their services. According to Mahindra Comviva, the global leader in providing mobility solutions, the growth of mobility solutions is driven by factors such as increasing affordability, rising convergence of content and entertainment and growing need for mobile entertainment & social networking.
The growing mobile money trend is fuelling the upsurge of mobile financial solutions comprisingof electronic prepaid recharge, mobile wallet, mobile banking and mobile payments.
Mahindra Comviva’s award-winning mobiquity platform is a widely deployed solution that is scalable, flexible and feature-rich. Its ability to seamlessly integrate with third party systems fosters an open eco-system. With over 120 deployments, Mahindra Comviva has garnered extensive experience of deploying large scale mobile payment projects with numerous integrations to banking systems and other ecosystem partners. Mahindra Comviva is among the top 3 mobile financial technology providers across the globe processing over 20 billion USD in payment flows, handling millions of transactions every day and serving 700+ million consumers globally.
mobiquity Wallet leverages enabling technologies such as NFC, QR code and BLE for enhancing user experience by offering context aware payments. It bundles location based promotions, automated coupon redemption and loyalty card selection during checkout enabling single click payments. It can support integration into a merchant’s existing mobile application or web portal through checkout or allow in-app shopping by simply integrating into the merchant’s ERP.
PreTUPS electronic recharge solution enables consumers to, either directly top-up their prepaid account through various channels including the web, client app, kiosks, ATMs, STK and USSD, or recharge across the counter through merchants. Today, almost 9% of world population’s prepaid subscription is recharged using our PreTUPS.
payPLUS is a chip enabled comprehensive integrated payment solution that will enable merchants, including small & medium businesses and service professionals, to convert their mobile phone into a Point-of-Sale (POS) device and accept debit and credit card payments to support evolving customer preferences. Furthermore, it will also allow merchants to deliver promotional campaigns with offers and discounts, to customers, based on their location / proximity from the merchant store
Srinivas Nidugondi, Senior VP & Head of Mobile Financial Solutions, Mahindra Comviva said “Consumer needs are constantly evolving, giving rise to the urgent need of a highly robust, secure, scalable and feature rich mobile financial solutions platform that embraces mobile phone as a digital container for holding money and payment instruments – enabling service providers across financial and telecom industry to cater to the diverse financial needs of various consumer segments.”
Mobile Lifestyle Solutions
Mahindra Comviva offers an integrated and market-proven portfolio of lifestyle solutions, which meet diverse service requirements of subscribers from infotainment to call management, whilst enhancing revenues for the mobile operators. Mahindra Comviva has collaborated with over 110 local and international content providers, copyright bodies, local artists, premium music labels and production houses in Africa. Currently, the company owns the rights to over 300,000 unique music tracks in African, Arabic and international categories.
For mobile operators who want to differentiate in the market, Comviva’s Real-time Analytics for Customer Experience (RACE) offers both network and device based solution focused to provide real-time quantitative measure of customer satisfaction and experience that helps in optimizing resources, reducing costs and improving revenues.
Voice & Video Applications Platform
Aggregated Voice & Video Applications Network (AVAN) powers a voice apps storefront offering both home-grown and third party voice and video apps, accessed in a simple, uniform manner. With an open, standards based platform, AVAN facilitates integration of selected apps for the developer community.
Atul Madan, Head of Digital Services at Mahindra Comviva, said,Technological advancements have changed the very dynamics of the telecom industry. The wide spread penetration of mobile phones, driven by lowering costs and advanced capabilities, and ready availability of a plethora of content-rich mobile apps to keep the user engaged on the go, is gradually transforming the role of a mobile phone into a lifestyle companion.”