Comviva Powers M-wallet Service in Bangladesh

Comviva has partnered with Banglalink, the second largest cellular service provider in Bangladesh, to deliver m-wallet services. Comviva is providing its mobiquity mobile commerce platform to enable Banglalink to offer an integrated financial payment service, which enables subscribers to conduct a variety of transactions over the mobile phone, including international and domestic remittance, utility payments, and mobile ticketing services.

Comviva’s mobiquity platform leverages the mobile channel to create a flexible, far-reaching financial services delivery network, cost effectively. It enables the storage and transfer of money to and from a secure, stored wallet account, resident on the phone or the server, so that users can quickly, easily and securely access a range of financial payment services, 

“We are committed to bringing innovative value added services that enrich the lives of people across emerging markets worldwide,” says Comviva CEO, Manoranjan Mohapatra. “The provision of mobile financial services is a key focus area for us and our award-winning mobiquity solution is now serving previously unbanked customers across the globe. We are particularly excited by our partnership with Banglalink, as we see significant opportunity to improve the livelihoods of financially underserved segments in Bangladesh with easy-to-use and affordable financial payment services.”

The service will work under a bank-led model, with banks offering mobile wallet accounts to remittance receivers through the Banglalink network. Comviva says this is the first launch of a mobile-based international remittance service in S. Asia. The mobile remittance service is currently available at almost 1,000 Banglalink outlets throughout Bangladesh, and there are plans to increase this number.