Mahindra Comviva today announced the release of the new and upgraded mobiquity Wallet 2.0, promising to offer digital wallet providers the flexibility to adapt quickly to evolving customer needs, meet business and regulatory expectations and focus on monetization strategies.
The company's mobiquity Wallet is a white-labeled mobile wallet solution that represents an evolution in mobile commerce by integrating payments, loyalty, and mobile marketing. The mobiquity Wallet powered South Asia’s first HCE based mobile proximity payment solution for a leading bank. mobiquity Wallet 2.0 continues on this path of innovation and is the next step towards a truly trusted digital ecosystem that digital wallet providers can use to deliver enhanced customer experience.
The latest version is designed to feature easy-to-use, interactive GUI that allows digital wallet providers to quickly make configuration changes, create and modify fee and strengthen security. It delivers a holistic experience that meets the needs of consumers and regulators while reacting to a continuously evolving business strategy – all through a few clicks.
Mahindra Comviva claims that it is one of the first wallet platforms to use NFC - HCE, QR code, biometrics and BLE, creating compelling consumer experiences. By integrating location, identity, and social features, mobiquity® Wallet delivers a whole new level of digital transaction flexibility, said the company.
Srinivas Nidugondi, SVP & Head of Mobile Financial Solutions, Mahindra Comviva
The key to a vibrant, viable mobile based payments system is a robust platform that underpins its business needs and operations and is agile enough to respond to changing market dynamics on the go. This platform will help digital wallet providers - banks, retailers or network operators – to simplify operations at the backend by providing flexible frameworks and simple interface driven business definition.
