Comviva has announced that its mobile money and recharge solutions have clocked up 92 deployments worldwide. The companys flagship product, Mobiquity, now has a presence in 38 countries. According to Comviva, one leading Asian operator is servicing over 410,000 utility bill payment transactions every month on the Mobiquity platform.
Srinivas Nidugondi, Comvivas VP of mobile financial solutions, says: “We have long recognized that a vast and untapped opportunity exists to provide people with easy access to formal financial services across emerging markets worldwide. Enabling payments and P2P transfers is a compelling proposition – especially in markets where financial networks are relatively weak. We are leading the market in working with service providers to meet this demand.” 
The company says that schemes such as PreTUPS, which allows for low-denomination top-ups, have helped strengthen its position. In one S. Asian market, says Comviva, low-denomination top-ups now constitute 95 per cent of all top ups. PreTUPS has 100m users across Africa.
