Moldcell Begins Digital Financial Services in Moldova

By Aduragbemi Omiyale

One of the leading mobile network operators in Moldova, Moldcell, has commenced digital financial services in the country through a digital wallet known as Moldcell Money, bringing a new level of convenience and security to its customers.

The service, which is available through the moldcell money app, allows subscribers of any mobile network in the country to easily transfer money and pay for services directly from their mobile wallet.

This financial service is supported by Comviva, the global leader in digital financial solutions, which has deployed its flagship mobiquity Pay platform to make the service seamless.

Users can make payments with their mobile numbers without the need for bank cards or cash and can transfer money to any mobile phone number or pay for services directly from the mobile app. The service also provides the ability to transfer money using an SMS code or through any Moldcell Center store, ensuring the safety of personal data and instant payment.

“Our solution, moldcell money, is the first fintech service on the telecommunications market in Moldova, the purpose of which is to offer subscribers of all communication networks a wide range of financial services.

“The solution consists of three main components: the moldcell money mobile application, which offers various services such as payments, bills, loans, government payments, gaming payments, money transfers to loved ones and bonuses; financial services available in direct Moldcell stores throughout the country, which makes transfers and payments convenient, simple and accessible; possibility to make payments with Moldcell number exclusively for Moldcell subscribers, offering an additional advantage of comfort and simplicity,” the Mobile Financial Services and Business Innovation Director at Moldcell, Olga Pavlic, said.

“Comviva has been the industry leader in the payment space, and our work on this market-first project in the region shall set the stage for many more exciting developments in the payments space in the region.

“We are thrilled to partner with Moldcell in their digitization initiative that will offer a modern, digital-first and secure way to manage payments,” the Chief Transformation Officer for Digital Financial Solutions at Comviva, Srinivas Nidugondi, stated.