Mahindra Comviva, the global leader in mobile financial and mobility solutions, Tuesday announced that its mobiquity Money has powered AsiaHawala, Iraq’s first mobile money service. AsiaHawala that was launched December last year is available to 10.6 million Asiacell customers which covers almost 28% of the total Iraqi population.
AsiaHawala offers consumers with a mobile stored valued account for conducting a wide range of financial transactions quickly and efficiently. It provides customers a full range of integrated financial services on mobile like P2P Transfer, bill payments, merchant payments, salary payment and recharge services. Currently, AsiaHawala is using USSD that is available across all types of mobile devices and will soon be adding new access channels.
Zring Faruk, CEO, AsiaHawala
We are delighted to launch the first mobile money services in partnership with Mahindra Comviva that aims to transform the way people in Iraq transact and make payments.
Srinivas Nidugondi, Senior Vice President & Head of Mobile Financial Solutions at Mahindra Comviva
With only 11% of Iraqi adults holding bank accounts, AsiaHawala will help to accelerate the financial inclusion in Iraq providing simple, convenient and affordable means to make financial transactions. AsiaHawala powered by our mobiquity® Money is equipped to provide seamless and secure financial services on mobile.
