Mahindra and Kyrgyz sign Mobile Banking Deal

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Mahindra Comviva has announced that it has signed a mobile banking deal with Kyrgyz Investment Credit Bank (KICB). 

With this, KICB becomes the first bank in the country to take an initiative in the mobile banking and payments space. The Bank is looking to partner with multiple remittance service providers to enable both inward and outward remittances in the region.

As per the deal, Mahindra Comviva’s mobiquity mobile banking solution will empower KICB customers to conduct a range of financial and non-financial transactions such as domestic and international remittance, cash in-cash out at agent locations, airtime recharge (top-up), balance enquiry, bill and merchant payments, amongst others, thus allowing the Mobile Banking application to be leveraged as a complete self-service channel for various banking and payments related requirements.

Srinivas Nidugondi, Head of Mobile Financial Solutions, Mahindra Comviva, said, “We are very pleased to partner with Kyrgyz Investment Credit Bank for our mobiquity mobile banking solution. Our solution will allow bank to offer an intuitive and superior user experience to its customers so that they can conduct a range of financial and non-financial transactions on the go.”

Mahindra Comviva’s mobiquity mBanking solution allows banks to extend a full range of banking and payment services across a wide range of devices and channels such as client apps, SMS, USSD, IVR, QR Codes and NFC – enabling banks to successfully....See More