Mobile-solutions provider Comviva has partnered with Somalian telco NationLink to launch its "e-maal" mWallet service.
Comviva's mobiquity mobile financial platform is being used to enable NationLink to offer integrated financial payment services that empower subscribers to conduct a variety of transactions over its mobile network. This includes international inbound transfer, domestic money transfer, prepaid airtime e-top up, utility bill payments and mobile ticketing services.
The new mobile money service will be available across Somalia and will cater to under-banked and unbanked segments of the population. The service supports multiple transactional methods, including cash-to-bank, cash-to-cash, cash-to-wallet and wallet-to-wallet to maximize service access. The service fully complies with regulations and benefits from a robust, open ecosystem of multiple banks, money transfer operators, billers and service providers, the companies said.
By deploying Comviva’s mobile money solution, we are able to provide easy to use mobile wallet and remittance services," said Abdirizak Ido, President, NationLink Telecom. "This step marks a significant milestone, as this is the first mobile money service in the region, which we are confident will transform the lives of people in Somalia."
Comviva’s mobiquity platform is currently live or being deployed by 40 service providers globally and delivers mobile financial services to over 230 million mobile subscribers in more than 20 markets across Africa, Asia, Latin America and the Middle East.