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
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