PR90662

NEW DELHI, July 15, 2021 /PRNewswire=KYODO JBN/ --

    Comviva [https://www.comviva.com/], the global leader in mobility

solutions, today announced the launch of mobiquity(R) Pay X, its next

generation digital wallet and payment platform. mobiquity(R) 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.

    With its next generation mobiquity(R) 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.

    This new platform is completely built on microservices based architecture

with fully independent and reusable components. mobiquity(R) Pay X has enabled

Open APIs to easily integrate with third party systems and extended financial

ecosystem. To enhance user experience, the platform now offers a revamped

slicker mobile app for consumers, agents, merchants and other business users

and provides an advanced User Management System (UMS) that allows back-office

users to easily manage the complete lifecycle of consumers, agents, merchants,

and other business users seamlessly. Its intuitive user-interface, predefined

templates and real-time feedback help quickly perform operations.

    The new platform significantly strengthens security with robust

authentication and authorization modules. It provides complete flexibility to

easily configure various PIN, password and access rules as per the

requirements. Its advanced session management capabilities help identify all

active sessions and logins from a user through multiple devices and takes

corrective action to prevent frauds.

    Speaking on the launch, Srinivas Nidugondi, EVP and Chief Growth and

Transformation Officer 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 and our mobiquity(R) 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."

    mobiquity(R) Pay X offers Order and Payment System that provides consumers

a unified view of transactions performed by various payment instruments. It

provides end-to-end tracking of entire payment transaction across all stages.

It also enables back-office users to view status of payment transactions and

identify failed and ambiguous transactions to take corrective actions like

refund to complete the order-payment cycle.

    The new mobile app is built using best-in-class design practices and has

rich features including self-registration, biometric login, profile

personalization, payment through multiple instruments (prepaid wallet, card,

bank account), favourite transactions, multi-currency support, currency

conversion, real time transaction tracking, referral bonus, merchant/agent

locator, dynamic QR Code and many more.

   With an enhanced monitoring and alerting system, mobiquity(R)Pay X quickly

aggregates system logs and key performance indicator data and provides a

real-time bird's eye view of critical operational parameters through visual

dashboards. It has capability of proactive disaster management by identifying

threshold breaches for critical application and system parameters in advance

and providing real-time notifications for corrective actions.

   Comviva has pre-integrated best-in-class technology in the areas of digital

KYC and Personal Financial Management (PFM) to offer unparalleled value to

consumers. These pre-integrated solutions in addition to offering enhanced

experience to consumers, also significantly cut down cost and time to market

while launching a digital wallet service. The platform also offers a document

management system that provides flexibility to back-office users to quickly

retrieve KYC documents a centralized repository for regulatory and business

purpose.

   Please contact:

   Sundeep Mehta

   Comviva

   sundeep.mehta@comviva.com

   Logo: https://mma.prnewswire.com/media/995982/Comviva_Logo.jpg

Source: Comviva