GT&T Selects Mahindra Comviva’s mobiquity® Solution to Provide
mWallet Services in Guyana
– Mahindra Comviva to implement its award winning mobiquity® mobile financial solution to provide mWallet services
– Key service offerings include prepaid top-up, domestic and international remittance, utility bill payments and merchant payments
Miami, Florida – February 21, 2013: Mahindra Comviva, the global leader in providing mobile financial and VAS solutions, today announced that it has partnered with Guyana Telephone & Telegraph (GT&T), the leading telecommunications service provider in Guyana to deliver mobile financial services. Mahindra Comviva is providing its award winning mobiquity® mobile financial solution to enable GT&T to offer mWallet services in Guyana. This will allow mobile subscribers to conduct a variety of transactions over the mobile, which include domestic and international P2P money transfer, prepaid top-up, utility bill payments and over the counter merchant payments.
With the launch of mWallet services, GT&T customers will be able to use their mobile as a convenient payment and transaction medium. Banked subscribers will also be able to enjoy increased convenience and round-the-clock access to financial services from their mobile phone. At the same time, under served and unbanked mobile phone users will be able to gain access to affordable formal financial services that have the power to improve their overall economic well-being.
Announcing the partnership, Max Padro, Vice President – Latin America and Caribbean, Mahindra Comviva said, “We are excited about our partnership with GT&T in Guyana and to bring easy-to-use and affordable financial payment services to the mobile subscribers in the region.”
Speaking on the partnership, Mr. Eshwar Thakurdin, Managing Director of GT&T’s, Mobile Money, Guyana Inc said, “Mahindra Comviva’s mobiquity® mobile financial solution brings great value to our customers in terms of its ease of access, as they will be able to top-up their prepaid account, buy goods, make their bill payments with their mobile phones. The new mWallet services will increase consumers’ brand engagement by delivering interactive, immersive and individualized shopping experience. Further domestic and international transfers can easily be carried out, which will promote financial inclusion in the country.”
Mahindra Comviva has been very successful globally with its mobiquity® mobile financial solution, which is live or being deployed by nearly 60 service providers and Financial Institutions across the globe, enabling over 500 million end customers across Asia, Africa, Latin America and the Middle East to access mobile financial services. It empowers banks and mobile network operators to cater to the diverse financial needs of both banked and unbanked customers. The solution is designed to ensure high availability, integrity, scalability, security, flexibility and deliver ease of use for its end users.
Comviva will be present at Hall 5, Stand 5F50 at the GSMA Mobile World Congress 2013 scheduled to be held in Barcelona from February 25 to 28.
About Guyana Telephone & Telegraph
Guyana Telephone and Telegraph, Ltd (GT&T) is the national telephone company with roughly 155,000 fixed access lines in the Republic of Guyana. GT&T is a provider of local exchange and international voice and data services, and also operates a competitive wireless phone service. GT&T has roughly 248,000 wireless subscribers with 97% of those customers subscribing to prepaid service. They have formed an entity called Mobile Money Guyana Inc.(MMG) which will be offering mobile wallets for financial inclusion. More information on GT&T and MMG can be found at http://www.gtt.co.gy and http://www.mmg.co.gy
About Mahindra Comviva
Mahindra Comviva is the global leader in providing mobile financial and VAS solutions. It’s a subsidiary of Tech Mahindra and a part of the USD 15.9 billion Mahindra Group. With an extensive portfolio of solutions spanning mobile finance, content, infotainment, messaging, mobile data and managed VAS services, Mahindra Comviva enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Its solutions are deployed by over 130 mobile service providers and financial institutions in over 90 countries and enrich the lives of over a billion people, globally. For more information, please visit www.mahindracomviva.com