EcoCash and Mahindra Comviva win CashlessAfrica Awards 2017

Declared Winner in the “Best Low Remittance Provider” Category 

Mahindra Comviva, the global leader in mobility solution and Econet Wireless, the largest mobile operator in Zimbabwe, have jointly won the CashlessAfrica Awards 2017 in the “Best Low Remittance Provider” Category. The award ceremony took place in Lagos, Nigeria, at the Cashless Africa Expo on March 23.

EcoCash Diaspora provides ordinary Zimbabweans with a robust and safe platform for remitting money. EcoCash Diaspora is powered by Mahindra Comviva’s mobiquity® Money platform. The money received in EcoCash wallet can be used for digital payments or cashing-out at any of the EcoCash agents in Zimbabwe. Econet Wireless has also partnered with MTN Zambia to provide direct mobile wallet to mobile wallet money transfer between MTN Mobile Money wallet and EcoCash wallet.

Commenting on the achievement, Anil Krishnan, Vice President and Head of Africa Region said, “We are honored to win this award. This recognition confirms Mahindra Comviva’s position as the leading innovators in the mobile money space and Econet Wireless as the right partner for our continued growth in Africa.”

“We are truly honored to receive this award, which recognizes our technology leadership in mobility and digital payments as well as our continuous effort to innovate and make an impact EcoCash towards the overall betterment of the society.” said Srinivas Nidugondi, SVP Mobile Financial Solutions, Mahindra Comviva. “Moreover, the win is a testament of our hard work and leadership in the digital payments space and will motivate us to do even better work in the future.”
The CashlessAfrica awards honor organizations that have made significant contributions to the digital financial services sector and are poised to make considerable market impact in the future. The Awards are dedicated to acknowledging creativity, commitment and excellence in the digital financial services across Africa.

Mahindra Comviva is the global leader in the mobile financial space. Its mobiquity® Money platform has clocked over 65 deployments in more than 45 countries processing 200 million transactions valuing $4 billion per month. mobiquity® Money delivers a host of mobile commerce services that transforms the way consumers save, borrow, transfer and spend money. It is designed to seamlessly integrate consumer touch points with a wide ecosystem of banks, billers, merchants and third-party payment systems, creating a convergence powered by interoperability. Apart from delivering convenience to consumers, the solution enables service providers to acquire new customers, create long-term loyalty with existing ones, and seize new revenue opportunities to increase their footprint in the market.

Mahindra Comviva is the global leader of mobility solutions catering to The Business of Tomorrows. The company is a subsidiary of Tech Mahindra and a part of the $17.8 billion Mahindra Group. Its extensive portfolio of solutions spans digital financial services, customer value management, messaging and broadband solution and digital lifestyle services and managed VAS services. It enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Mahindra Comviva’s solutions are deployed by over 130 mobile service providers and financial institutions in over 95 countries and enrich the lives of over two billion people to deliver a better future. In January 2016, the company acquired a controlling stake in Advanced Technology Solutions (ATS), a leading provider of mobility solutions to the telecom industry in Latin America to strengthen its in-region presence.