Comviva releases the next gen digital wallet as well as repayment system – mobiquity ® Pay X


NEW DELHI, July 15, 2021/ PRNewswire/– Comviva, the international leader in movement solutions, today introduced the launch of mobiquity® Pay X, its future generation digital pocketbook and also repayment system. mobiquity® Pay is amongst the globe’s biggest digital financial solutions platforms, powering over 70 digital pocketbooks and also settlement solutions for 130+ million consumers as well as processing over 7 billion purchases exceeding USD 130 billion yearly in more than 50 nations.

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With its next generation mobiquity ® Pay X platform, Comviva has actually improved all facets of electronic monetary remedy, consisting of scalability, fasterimplementation and also time to market, easier customer lifecycle management & experience and boosted protection. This brand-new system is totally built on microservices based architecture with totally independent and also recyclable parts. mobiquity ® Pay X has actually enabled Open APIs to conveniently integrate with third party systems and also extended financial ecological community. To boost customer experience, the platform now provides an overhauled slicker mobile app for consumers, agents, merchants and other organization individuals and also provides a sophisticated User Monitoring System( UMS)that allows back-office users to easily manage the full lifecycle of customers, representatives, merchants, as well as other organization customers seamlessly. Its instinctive user-interface, predefined design templates and also real-time comments assistance rapidly do operations. The brand-new platform substantially reinforces security with robust authentication as well as authorization components. It supplies full versatility to conveniently configure various PIN, password and also gain access to policies as per the needs. Its innovative session monitoring capabilities assist determine all energeticsessions and also loginsfrom a customer through multiple gadgets and also takes corrective action to stop fraudulences. Talking on the launch, Srinivas Nidugondi, EVP and also Chief Growth as well as Makeover Policeman at Comviva, stated,”COVID has actually substantially sped up the development of electronic economic services as well as the entire monetary environment is growing at its fastest rate ever before. Consumer demand and also public health priorities are pushing contactless settlement fostering as well as our mobiquity ® Pay X platform will aid financial provider scale their digital pocketbook as well as repayment services quicker and perfectly. With this brand-new system, Comviva has completely automated the software delivery

process increasing time to market.”mobiquity ® Pay X offers Order as well as Repayment System that offers consumers a unified view of deals executed by numerous payment instruments. It offers end-to-end tracking of entire payment deal across all phases. It likewise makes it possible for back-office users to see status of payment purchases and recognize stopped working and unclear transactions to take corrective activities like refund to finish the order-payment cycle.

The new mobile application is built using best-in-class layout practices and has abundant features consisting of self-registration, biometric login, account personalization, payment with several instruments (prepaid budget, card, bank account), preferred deals, multi-currency support, currency conversion, live deal monitoring, reference perk, merchant/agent locator, dynamic QR Code and also a lot more.

With an enhanced monitoring and alerting system, mobiquity® Pay X rapidly aggregates system logs and also essential efficiency indication information as well as supplies a real-time bird’s eye sight of vital operational criteria through visual dashboards. It has capacity of proactive catastrophe administration by recognizing limit violations for important application and also system criteria beforehand as well as giving real-time notices for corrective activities.

Comviva has pre-integrated best-in-class technology in the locations of digital KYC and Personal Financial Management (PFM) to offer unrivaled worth to customers. These pre-integrated remedies along with offering improved experience to customers, likewise dramatically lower cost as well as time to market while releasing an electronic wallet solution. The system likewise uses a document monitoring system that provides versatility to back-office individuals to quickly obtain KYC papers a central repository for governing and also organization function.

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Sundeep Mehta

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