LEADING global mobiquity solutions provider Mahindra Comviva and Econet Wireless jointly collected two awards at the CEM Asia Excellence Awards 2017 held recently in Singapore.
The company was awarded Gold in the “Best Use of Mobile” and Silver in the “Best Digital Experience” categories for EcoCash mobile money service.
Speaking on the occasion, Srinivas Nidugondi, Senior VP and Head, Mobile Financial Solutions atMahindra Comviva said, “We are very excited to have won these awards as it proves our capability to drive the transformation to cashless societies despite the many challenges in developing markets like Africa and Asia.
“The concept of financial inclusion is very close to our heart and we are glad that Econet Wireless chose us to provide the best possible service to EcoCash customers.
Suresh Khosla, Vice President Sales for Asia Pacific at Mahindra Comviva said, “ We are truly honored to receive this award as it recognizes our technology leadership in mobility and digital payments as well as our continuous effort to innovate and make an impact towards the overall betterment of the society.”
He added, “The wins are a testament of our hard work and leadership in the digital payments space and will motivate us to do even better in the future.”
EcoCash is Zimbabwe’s first and largest mobile money service with 6.7 million customers. It is provided by Zimbabwe’s largest mobile operator Econet Wireless and powered by Mahindra Comviva’s mobiquity® Money platform. EcoCash aims to minimize cash usage in Zimbabwe by enabling digital payments.
EcoCash powered by mobiquity® Money ensures “Best use of Mobile” as it is designed to leverage mobile phones to extend digital financial services to the unbanked and underbanked. It provides customers with a stored value account (prepaid wallet) linked to their mobile number.
With EcoCash wallet, customers can transfer money, receive remittance, pay bills, pay merchants, recharge airtime and data, buy transit tickets, save money, get loans, open group-saving account, receive salary, get financial aid and more, all using their mobile phone anytime, anywhere. EcoCash can be accessed by all phones – feature-phones (using USSD) and smartphones (using mobile app).
EcoCash ensures the “best digital experience” by launching services that accelerate money-inflow into EcoCash system, digitizing everyday retail payments to minimize cash-outs, injecting liquidity in EcoCash system by mobilizing micro savings and diversifying into different consumer segments.