" ITREALMS: Comviva, MasterCard, Tutuka to boost finanicial inclusion drive

Wednesday, November 21, 2012

Comviva, MasterCard, Tutuka to boost finanicial inclusion drive

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.

Remmy Nweke
ITREALMS Online ... delivering news for ICT4D

1 comment:

Unknown said...

Then again, the terms for reimbursement can be very adaptable and loan costs can be low or nonexistent. Positively, an advance, for example, this does not require a credit check. It would be savvy and benevolent to draw up an agreement so every gathering recognizes what is normal. Cash Advance Chicago

Featured post @ITREALMS

NDSF@15: Ojo, Adebayo, Nnamani, Ekuwem, Nwannenna, Odusote join DigitalSENSE Hall of Fame - ITREALMS

ITREALMS ... making leadership SENSE with digital news! The Executive Director, Media Rights Agenda, Mr. Edetaen Ojo alongside the chairman,...