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Financial service to speed up digital payments in Moldova and accelerate the transition to a cash economy
NEW DELHI, March 16, 2023 /PRNewswire/ -- Moldcell, the leading mobile network operator in Moldova, announced its entry into the financial services market with a first-of-its-kind digital wallet 'moldcell money'. With this launch, Moldcell has become the first Moldovan telecom operator to offer digital financial services that provide a new level of convenience and security to its customers.
This service is now available through the moldcell money app and offers subscribers of any mobile network in the country to easily transfer money and pay for services directly from their mobile wallet. This new service is a significant step towards financial inclusion and the creation of a cash economy.
The financial service is supported by Comviva, the world leader in digital financial solutions. Comviva has implemented its flagship mobiquity® Pay platform that offers several innovative capabilities. 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 application. The service also provides the ability to transfer money via SMS code or through any Moldcell Center store, ensuring the security of personal data and instant payment.
Commenting on the partnership, Olga Pavlic, Moldcell's Director of Business Innovation and Mobile Financial Services, said: "Our moldcell money solution is the first fintech service in the telecom market in Moldova, whose purpose is to offer subscribers from all communication networks a wide range of financial services The solution consists of three main components: the mobile application 'moldcell money', which offers various services such as payments, invoices, loans, government payments, game payments, money transfers to beings darlings and bonuses; financial services available in direct Moldcell stores throughout the country, making transfers and payments convenient, simple and accessible; possibility of making payments with exclusive Moldcell number for Moldcell subscribers, offering an additional advantage of convenience and simplicity."
"Comviva has been the industry leader in the payments space and our work on this first market project in the region will set the stage for many more exciting developments in the payments space in the region. We are delighted to partner with Moldcell on its digitization initiative, which will offer a modern, digital and secure way to manage payments," said Srinivas Nidugondi, Director of Transformation, Digital Financial Solutions at Comviva.
Comviva Mobiquity Pay is one of the leading digital payment platforms worldwide. It is a cloud-native payment platform that satisfies all payment, wallet and digital money requirements. mobiquity Pay is a feature-rich, robust, scalable and flexible platform serving consumers, service providers and their partners. It facilitates digital payments for all customer segments and allows them to use multiple payment instruments such as bank account, credit card, prepaid account, and stored value account (SVA).
Contact:
Sundeep MehtaCorporate CommunicationsSundeep.mehta@comviva.comContacto: 91-9910030732
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