Moroccan telecoms operator, inwi announced the launch of its mobile money service ‘inwi money’ on Wednesday, 25 September 2019. inwi money is a service that utilises Mobiquity Money, the digital money platform from Comviva. The new service allows consumers to perform multiple financial transactions including person-to-person money transfer, airtime purchase, bill payments and merchant payments.
According to inwi, consumers can access the service using any smartphone by downloading the ‘inwi money’ app or alternatively resort to the USSD menu. Once downloaded, consumers then need to register – the service facilitates multiple levels of registrations ranging from self-registration to agents supported registration. inwi money is currently available in both French and Arabic.
Using inwi money, consumers can:
- Instantly send money to other members of the inwi money community.
- Request money.
- Recharge mobile subscription balance.
- Pay mobile subscription bill.
“We are delighted to offer inwi money service which is powered by Comviva’s mobiquity Money platform. As it did in various countries, mobile money service aimed at simplifying and enhancing the lives of millions of Moroccans by providing them easy, fast and more convenient digital financial services,” says Nicolas Levi, CEO of inwi money.
“By digitising money transfers and payments we participate to accelerate financial inclusion and to contribute towards the economic development of the country,” said Ghassane El Machrafi, Chairman of inwi money.
Ramy Moselhy, Vice President of MENA region at Comviva, says, “mobile phones today are not just communication devices; they have become a holistic channel for the digital lifestyle. Comviva is making this reality through its mobiquity Money platform that enables service providers to provide digital financial services to consumers through mobile phones. In Morocco, we are carrying forward this revolution with inwi through its mobile money service that delivers a seamless and secure financial service on mobile, meeting the needs of consumers across segments.”
Edited by Jenna Cook
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