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Comviva launches next generation mobiquity® Pay X

Staff Correspondent
09 Oct 2021 00:00:00 | Update: 09 Oct 2021 01:12:58
Comviva launches next generation mobiquity® Pay X

Global digital financial solutions leader Comviva recently launched mobiquity® Pay X, its next generation digital wallet and payment platform in

Bangladesh.

mobiquity® 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 $130 billion annually in more than 50 countries.

In SAARC region, Comviva is powering banks and financial institutions in Bangladesh, Nepal and India, the company said in a statement.

This comes as a strategic decision by the company which is aggressively expanding its market share in the digital payments space in Bangladesh. With partnership agreements signed with leading banks and wallet operators in SAARC region, Comviva is poised for market expansion and launching new service offerings to cater to the customer needs in countries like Bangladesh, India, Sri Lanka and Nepal.

With its next generation mobiquity® 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® 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.

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