Mahindra Comviva has announced that it has enabled the world’s first domestic interoperable mobile financial service between Airtel Money and Tigo Pesa in Tanzania. The service allows customers to send and receive money directly between the mobile money accounts of these two service providers.
The service simplifies off-net money transfers and enables recipients to transact through the convenience of their own mobile phone without cashing out.
Srinivas Nidugondi, Senior Vice-President & Head of Mobile Financial Solutions, Mahindra Comviva, said, “We are delighted to facilitate interoperability in Tanzania. We have brought a paradigm shift in the mobile money space yet again, by offering an innovative and convenient service that addresses consumer concerns and leads to an increase in agility and business optimization for our customer. Our mobiquity Money solution will ensure a secure environment for money transfers and cash withdrawals, making mobile money services more reliable for end- users.”
Mobiquity Money delivers a host of mobile money services that transform the way consumers save, borrow, transfer and spend money. It is designed to seamlessly integrate consumer touch points with a wide ecosystem of banks, billers, merchants and third-party payment systems, creating a convergence powered by interoperability.
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