Comviva launches next gen mobiquity

Business Desk :
Digital financial solutions Comviva recently announced the launch of mobiquity® Pay X, its next generation digital wallet and payment platform in Bangladesh market. mobiquity® Pay is amongst the world’s largest digital financial services platforms, powering over 70 digital wallets and payment services for 130+ million consumers and processing over 7 billion transactions exceeding USD 130 billion annually in more than 50 countries. In SAARC region, Comviva is powering Banks and Financial Institutions in Bangladesh, Nepal and India, said a press release.
This comes as a strategic decision by the company which is aggressively expanding its market share in the digital payments space in Bangladesh. With partnership agreements signed with leading Banks and Wallet Operators in SAARC region, Comviva is poised for market expansion and launching new service offerings to cater to the customer needs in countries like Bangladesh, India, Sri Lanka and Nepal.
With its next generation mobiquity® Pay X platform, Comviva has enhanced all aspects of digital financial solution, including scalability, faster deployment and time to market, simpler user lifecycle management & experience and enhanced security.
Speaking on the launch Md Arifuzzaman, Country Manager for Bangladesh at Comviva, said, “Bangladesh continues to be the mainstay of our business as we have a comprehensive understanding of the land in terms of the telecom and financial ecosystem. We are excited about our expansion in digital payments market in Bangladesh and looking ahead to work with some of the leading financial services providers in enabling contactless payments, scaling aid payments both domestic and international and helping them in their journey for the next phase of growth in providing financial inclusion.”
Vivek Agrawal, Global Head – Enterprise Business at Comviva, said, “COVID has significantly accelerated the growth of digital financial services and the entire financial ecosystem is growing at its fastest pace ever. Customer demand and public health priorities are pushing contactless payment adoption in Bangladesh and our mobiquity® Pay X platform shall help financial service providers scale their digital wallet and payment services faster and seamlessly. With this new platform, Comviva has completely automated the software delivery process accelerating time to market.”