Mahindra Comviva wins award for EcoCash mobile payment service

Mahindra Comviva, the global leader in providing mobile financial and VAS solutions, today announced that it has won two major awards at the Global Telecom Business Innovation Awards 2013.

The company has been awarded for EcoCash mobile payment services to Econet Zimbabwe, powered by its mobiquity® mobile money platform and Managed Music services to Airtel Africa for Hello Tunes. The Awards were announced at Global Telecoms Business Innovation Summit 2013, held in London recently. GTB Award recognizes innovation which has made a huge difference to the service providers and their consumers.

EcoCash was recognized for delivering financial and payment services to the Zimbabweans - the majority of whom are unbanked and thereby providing a mechanism of organized financial services to reach all segments of the society. Mahindra Comviva's mobiquity®mobile money platform provides EcoCash customers with multi-functional and secure account to receive salaries, initiate international and domestic remittances, buy airtime, pay utility bills and merchant payments. Within 14 months of launch, EcoCash has amassed over 2 million customers and 7 million transactions per month. Currently, an approximate 70,000 customers enroll for the service every month.

With its Managed Music services, Mahindra Comviva assumes complete responsibility for managing Airtel's ringback tones business in 9 countries, by meeting the entertainment needs of music loving people in Africa. By combining platform and end-to-end services management - from content sourcing to services marketing – Mahindra Comviva has succeeded in uplifting music revenues for Airtel Africa. The Hello Tunes service, powered by Mahindra Comviva's CRBT solution has witnessed multi-fold increase in subscriber base, revenue and content downloads in last two years.

Mahindra Comviva is one of the largest music aggregators in the African continent, having collaborated with over 70 partners, including local and international content providers/copyright bodies/ local artists and production houses in the region.

Mahindra Comviva is one of the largest music aggregators in the African continent, having collaborated with over 70 partners, including local and international content providers/copyright bodies/ local artists and production houses in the region.

Expressing delight at winning the award, Manoranjan Mohapatra, CEO, Mahindra Comviva said, "These awards are recognition of our leadership in the mobile financial and digital services in Africa. It is an honor to be appreciated for our continuous efforts to innovate and bring the best of digital life to consumers. We had envisioned this growth for mobile content and financial services long ago and are pleased to experience the realization of this augmented reality. Consumer demand and appetite for such services would only grow in the coming years."

Mahindra Comviva's mobiquity® is a highly robust, secure, scalable and feature rich mobile financial solutions platform that delivers a range of financial and payment services such as mobile money, branchless banking, mobile banking, mobile payments and point of sale solutions for proximity payments, supporting various handset bearers including Client App, QR codes, NFC, USSD and STK. The solution has been deployed by over 60 service providers in 40 countries and serves over 500 million mobile users globally.

Mahindra Comviva manages an operator's complete music and infotainment services portfolio, bringing together content technology platform, discovery, analytics and recommendation tools, storefront management and business & marketing expertise to drive growth and usage. With 210,000+ tracks on board and over 140 Content Providers, Mahindra Comviva is one of the largest Content aggregator in Africa, Middle East and Asia.