The trio of Comviva Technologies, MasterCard Worldwide, and Tutuka announced a strategic collaboration that combines Comviva’s mobiquity mobile payment platform, Tutuka’s prepaid processing platform and MasterCard’s global electronic payments network to further extend financial inclusion to millions of consumers across Africa.
ITRealms gathers that the collaboration would enable operators provide mobile money services using Comviva’s mobiquity platform to their customers prepaid MasterCard cards or Virtual Card Numbers (VCN), which is linked to their existing stored value accounts.
Also, these would facilitate customers’ purchase of goods and services at millions of physical and online retailers worldwide where MasterCard is accepted, as well as transfer funds and pay bills.
At present stored value accounts, managed primarily by mobile network operators offer services only to users within the operators network such as mobile top-up, bill payments, merchant payments, cash withdrawal and P2P payments.
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