Comviva Certified as a Western Union Mobile Vendor
- Tuesday, January 4th, 2011
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Comviva has been certified to participate in Western Union’s Mobile Vendor Program. Comviva’s mobiquity platform can now support Western Union services, enabling its clients to offer the option to send and/or receive money through Western Unions global money-transfer system.
The mobiquity platform has been deployed in markets in Latin America, Asia and Africa in different bank-led and operator-led business models. The mobiquity suite of mobile financial solutions embraces the mobile phone as a convenient transaction and payment medium, enabling storage and transfer of money to and from a stored-wallet account, resident on the phone or the server. mobiquity also acts as a catalyst in enabling financially-underserved and unbanked segments to gain access to financial services, helping promote livelihoods among low-income segments.
Western Union certifies mobile platform vendors to reduce integration costs and accelerate go-to-market activities for banks and mobile operators, by creating standard technical deployments. Once a bank or mobile operator contracts with Western Union to activate the Western Union Mobile Money Transfer service, its consumers will be integrated with Western Unions core transaction processing system. This system supports Western Unions global network of more than 435,000 Agent locations in over 200 countries and territories.
“We are committed to bringing innovative value-added services that enrich the lives of people across emerging markets globally,” says Comviva CEO, Manoranjan Mohapatra. “This Western Union Vendor certification exemplifies our commitment to continuous effort in the mobile financial services space, and recognizes Comviva’s leadership in extending mobile financial services globally.”