By Modupe Gbadeyanka
A platform designed to enhance all aspects of digital financial solutions called mobiquity Pay X has been introduced by Comviva, the global leader in mobility solutions.
A statement from Comviva said the new next-generation platform comes with enhanced security, simpler user lifecycle management & experience, among others.
The mobiquity Pay X is said to be completely built on microservices-based architecture with fully independent and reusable components.
The enhanced modularity facilitates faster time to market and greater scalability and 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.
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.
“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 next generation mobiquity 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. The time to market has improved significantly with continuous product development, integration, testing, release and deployment,” the EVP and Chief Growth and Transformation Officer at Comviva, Srinivas Nidugondi, said.
