Comviva launches e-wallet

Comviva has announced that it has partnered with NationLink, a telecommunications service provider in Somalia, to launch its ‘e-maal’ mWallet service.

Manoranjan Mohapatra, CEO of Comviva (image: Comviva)

Comviva is providing its award winning mobiquity mobile financial platform to enable NationLink to offer integrated financial payment service which empower subscribers to conduct a variety of transactions over the mobile.

This includes international inbound transfer, domestic money transfer, prepaid airtime e-top up, utility bill payments and mobile ticketing services.

The new mobile money service will be available across Somalia and will cater to under-banked and unbanked segments of the population. The service supports multiple transactional methods, including cash-to-bank, cash-to-cash, cash-to-wallet and wallet-to-wallet to maximize service access.

The service fully complies with regulations and benefits from a robust, open ecosystem of multiple banks, money transfer operators, billers and service providers.

Commenting on the launch, Abdirizak Ido, President, NationLink Telecom said “In a short span of time NationLink Telecom has become one of the leading telecom operators in Somalia. Today, people are looking for greater convenience from their mobile phone.

By deploying Comviva’s mobile money solution, we are able to provide easy to use mobile wallet and remittance services. This step marks a significant milestone, as this is the first mobile money service in the region, which we are confident will transform the lives of people in Somalia.”

Commenting on the partnership, Sabri Amireh, Vice President, Middle-East and North Africa, Comviva said “We are happy to partner with NationLink Telecom and support them in providing world class mobile money services to their subscribers.

Our mobiquity mobile financial solution will provide payment and banking services to mobile users in Somalia, enabling them to make quick, easy and secure financial transactions anywhere, anytime. This partnership further reflects our focus on serving the needs of people in emerging markets.”

Comviva’s mobiquity platform is currently live or being deployed by 40 service providers globally and delivers mobile financial services to over 230 million mobile subscribers in more than 20 markets across Africa, Asia, Latin America and the Middle East.

The platform leverages the mobile channel to create a flexible, far-reaching financial services delivery network, cost effectively.  It embraces the mobile phone as a convenient, cash-free and card-free payment and transaction medium, enabling storage and transfer of money to and from a secure, stored wallet account, resident on the phone or the server.

With mobiquity, mobile users can quickly, easily and securely access a range of financial payment services.

Staff writer