Juvo, a pioneer of financial identities for the underbanked, this week announced a strategic partnership with DOCOMO Digital, the preeminent mobile commerce enabler.
The partnership will focus on combining Juvo’s financial identity and credit lending capabilities with DOCOMO Digital’s class-leading payments platform for mobile carriers, OTTs and digital merchants. This partnership would enable increased financial flexibility for prepaid mobile users, especially in the emerging markets, as consumption of digital services and OTT content continues to rise.
DOCOMO Digital partners with over 200 mobile operators and over 300 digital merchants and as many payment providers to make mobile commerce a frictionless experience.
Juvo’s technology leverages previously untapped data sources, including network, application and repayment data, to build financial identities and establish credit worthiness for unknown and underbanked consumers. Based on these financial identities, Juvo helps service providers (operators, financial institutions, and merchants) better understand creditworthiness and offer credit so that more transactions can be approved. Juvo’s partnership also allows providers to offer rich content and financial services that weren’t previously available to customers without credit.
Jonathan Kriegel, CEO, DOCOMO Digital
Our partnership with Juvo aligns perfectly with our endeavour to make the mobile commerce experience seamless for consumers, while unlocking more value for mobile operators and digital merchants.
Steve Polsky, founder and CEO, Juvo
Our partnership with DOCOMO Digital is an important step in this, and we look forward to collaborating on products that have the potential to change and evolve the mobile payment and commerce industry.
