The global leader in providing mobile financial and VAS solutions, Mahindra Comviva, has announced its mobiquity® mobile financial services platform has won the best Mobile Banking Technology award at the World Finance Technology Awards 2013. Mahindra Comviva was recognised for its work in delivering relevant technology solutions for accelerating financial services growth in Asia and Africa.
The World Finance Awards were established in 2007 and recognise the evolving trends across the financial world. The awards identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the business world.
Mahindra Comviva’s mobiquity® mobile financial services platform enables banks and mobile network operators to meet the 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. In 2012, the system processed transactions approximating USD 5 billion in value.
Srinivas Nidugondi, Head of Mobile Financial Solutions, Mahindra Comviva said: “The convergence of banking and mobile has a strong transformative potential in 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”.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.