Technology

Mahindra Comviva’s digital payment solutions now on Cloud

Mahindra Comviva’s digital payment solutions now on Cloud

Mahindra Comviva, the global leader in providing mobility solutions, said its comprehensive digital payment solutions mobiquity Wallet and payPLUS are now available on the cloud.

With Mahindra Comviva’s hosted digital payments solution, there is a strong incentive for banks to take the idea of cashless societies to every town and village. Besides CAPEX and OPEX savings, banks will be able to deploy services faster, adapt to markets quicker, and serve their customers better.

Mahindra Comviva is of the view that demonetization is a move towards cashless societies and better governance through increased transparency and accountability. However, it also believes that the broader goal of creating a cashless society will only remain a mirage without the wholehearted support and acceptance of merchants as well as paying customers. In this regard, demonetization could very well serve as the catalyst for onboarding merchants as well as customers on to the digital payments platform.

To accelerate the adoption of digital payments amongst merchant as well as consumers, Mahindra Comviva provides a comprehensive portfolio of digital payment products. At the issuer end mobiquity® Wallet enables banks to provide its customers with mobile wallet enabling them to make quick, seamless and secure cashless payments. On the acquirer end, payPLUS equips merchants with affordable and robust mobile POS enabling them to process and accept card payments quickly and seamlessly thus completing a comprehensive end to end digital payments cycle.

Srinivas Nidugondi, SVP and Head, Mobile Financial Solutions, Mahindra Comviva, said, “In the follow up to demonetization, the market will require a digital payments platform that is comprehensive enough to cater to the entire ecosystem of payments. We are proud to announce that our cloud hosted digital payments solution is robust enough to cater to merchants as well as the customer for instore payments as well as online payments. Our products are already compliant with the India stack initiative of the government which makes onboarding of users through e-KYC and payments via UPI available to consumers as well as merchants, thus creating a strong base for cashless societies of the future.”

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