Comviva to provide its mobiquity® Money platform to offer a host of digital financial services
New Delhi, India/ Dakar, Senegal – 07 April 2020: Free, Senegal’s second-largest mobile network operator, has deployed mobiquity® Money to enhance its mobile money service ‘Free Money’ and deliver a world-class digital payments experience to its customers. Comviva’s mobiquity® Money is the world’s largest mobile money platform with over 60 deployments in more than 45 countries and will bring global mobile money best practices to Free Money users in Senegal. Launched in 2014, Free Money is one of the leading mobile money services in Senegal offering a host of digital financial services such as money transfer, bill payment, merchant payment, and mobile credit recharge. The migration from the incumbent platform to the new mobiquity® Money platform has increased Free Money’s system capacity, improved performance and enhanced transaction security.
mobiquity® Money is a highly scalable platform that will help Free Money to rapidly add new customers, accelerate transaction growth and launch innovative features, while maintaining a high service uptime and availability. The state-of-the-art technical architecture of the mobiquity® Money platform has enabled Free Money to rapidly develop new features as well as quickly integrations with billers, merchants, banks, remittance providers and other third-party systems, reducing time to launch new digital financial services. The platform brings many enhanced capabilities such as improved reporting, flexible pricing and better bulk payment functionality, which allows Free Money to deliver digital financial services and experience in alignment with its customer needs.
Mamadou MBENGUE, Chief Executive Officer at Free Senegal said, “At Free Money, we are relentlessly working toward democratizing the use of digital financial services and enhance the customer experience. In line with this objective, we have successfully deployed the mobiquity® Money platform replacing the incumbent platform. The new platform will facilitate product innovation, helping us to reinforce Free Money, launch new consumer-centric digital financial services and deliver a superior user experience to our customers.”
Anil Krishnan, Head of Africa Region at Comviva said, “mobiquity® Money is a feature-rich, scalable and flexible mobile money platform which has been deployed across 5 continents in past 14 years. We are glad to bring this best-in-class digital financial services experience to Free Money users in Senegal. The platform will enable Free Money to accelerate the growth of mobile money in Senegal by introducing innovative digital financial services and providing frictionless payments experience to users.”
Free is Senegal’s second-largest mobile operator with 4.4 million subscribers. Free provides a fast 4G+ network available in many areas of the country. Free aims to deliver unique customer experience and provide simple and revolutionary offers that will transform the telecom market and change the lives of people in Senegal. Free also provides ‘Free Money’ to simplify and make daily financial transactions safer and help increase financial inclusion in the country.
Comviva’s mobiquity® Money is the world’s leading mobile money platform that delivers a host of digital financial services that transform 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. It provides financial services to over 110 million consumers globally and processes more than 6.5 billion
transactions amounting to over $130 billion annually.
Note: mobiquity® is the registered trademark in India only.
About Comviva Technologies Limited
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 $21 billion Mahindra Group. Its extensive portfolio of solutions spans digital financial services, customer value management, messaging and broadband solution and digital lifestyle services. It enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. 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. For more information, please visit www.comviva.com
About Free Senegal
On May the 2nd 2018, the consortium composed of Teyliom, NJJ and AXIAN finalized the acquisition of the mobile operator Tigo to make it a key player in the country’s economic and digital development. It brings together well known entrepreneurs in the mobile and Internet market who each have created and developed leading brands in this sector in Africa, the Indian Ocean and Europe. www.free.sn
For further enquiries, please contact:
PR & Corporate Communications
Comviva Technologies Ltd.
Contact: +91- 124-481 9000