-Awarded for Mobile Money Mastery Category
New Delhi, India – 2, November 2017: Mahindra Comviva, the global leader in providing mobility solutions, and Airtel Tanzania, one of the leading telecom providers in Tanzania, have jointly won the Global Telecoms Awards (GLOTEL) for Airtel Money Tap Tap in the ‘Mobile Money Mastery’ category. The awards were presented at a glittering ceremony held in London on the 2nd of November.
Mahindra Comviva and Airtel Tanzania were presented with the GLOTEL award for their joint contribution in the field of Mobile NFC merchant payments. Airtel Money “Tap Tap” is an NFC Payments solution that facilitates fast and seamless payments at merchant POS and also addresses key customer and merchant adoption challenges. It is the first-of-its-kind closed-loop NFC payments service which leverages extensive use of mobile money in Tanzania and combines it with “Tap & Pay” simplicity of NFC. Airtel provides merchants with low-cost, mini-calculator sized portable NFC POS, a wireless GSM-device linked to merchant’s Airtel Money wallet. Customers are given a NFC Card linked to their Airtel Money wallet. Customers need to tap the NFC card on NFC POS to make the merchant payment. By digitizing everyday merchant payments, Airtel Money is helping Tanzania’s transformation into cashless economy. Airtel Money Tanzania is powered by Comviva’s mobiquity® Money platform.
Speaking on the occasion, ABC, Airtel said, “Airtel Money “Tap Tap” service provides a fast and seamless payments experience at Merchant POS. Tap Tap’s ease and convenience facilitates faster onboarding of merchants at supermarkets, retail shops, bars, pharmacies, fuel stations to adopt the digital medium of payment. This is a revolution in the making because everyday merchant payments are much bigger than P2P payments and digitization brings all of them under the cashless umbrella.”
Srinivas Nidugondi, SVP and Head of Mobile Financial Solution at Mahindra Comviva said, “We are honored to receive this award as it recognizes our ability to address the key challenges in the digital payments industry. By facilitating quick and seamless payments at merchants, we are contributing to the growth of the digital payments ecosystem by bringing new customers to the fold every day.”
“The win is a testament of our hard work and leadership in the digital payments space and will motivate us to do even better in the future,” he further added.
Airtel Money is one of the leading mobile money services in Tanzania with 5.9 million customers. By offering an array of mobile money services such as P2P transfer, bill payments, micro-loans, contactless merchant payments, bulk payments and airtime recharge, Airtel Money is digitizing payments in Tanzania and contributing to the vision of a cashless Tanzania.
mobiquity® Money delivers a host of mobile money 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 financial 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. mobiquity® Money empowers financial service providers to be agile in their markets, with complete focus on the customers. mobiquity® Money has clocked over 63 deployments in more than 45 countries. It powers three of the top 10 deployments globally and processes 3 billion transactions every year amounting to $55 billion annually.
The Global Telecoms Awards (GLOTEL) recognizes innovation from any company involved in advancing and transforming today’s telecoms industry. This includes service providers, vendors, solutions providers, consultancies and anything in between. Now in its 5th year, the awards have become a highlight of the telecoms calendar, with real value attached to winning an award that is judged on merit alone.
Note: mobiquity® is registered trademark in India only
About Mahindra Comviva
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 $19 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. For more information, please visit www.mahindracomviva.com
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