wordpress blog stats
Connect with us

Hi, what are you looking for?

Comviva Partners MasterCard & Tutuka To Offer Financial Solutions In Africa

Mobile value added services company Comviva has inked a strategic collaboration with MasterCard Worldwide and Tutuka to introduce financial inclusion solutions in Africa.

While the deal period or the financial details of the partnership were not disclosed, Comviva stated that this solution is essentially an extension of the Mobile Money partnership program launched by the company in collaboration with MasterCard in February 2012.

Comviva stated that this solution will allow mobile operators offering mobile money services to make use of its Mobiquity mobile payment platform and Tutuka’s prepaid processing platform to offer customers prepaid MasterCard cards or Virtual Card Numbers (VCN) linked to their existing accounts. Customers can then use these cards to transfer funds, pay bills and purchase goods and services from physical and online retailers in 33 million locations globally, who accept MasterCard as a payment mode.

Mobiquity Deployments

While there is no specific information on the Mobiquity deployments in Africa region, Comviva claims to have deployed the mobile payment platform in over 58 locations across Asia Pacific, Africa, Latin America and the Middle East, with 490 million subscribers in 38 countries. Its also worth noting that Mobiquity accounted for 35% of Comviva’s revenues as of February 2012.

Advertisement. Scroll to continue reading.

Comviva-MasterCard Partnership

In February 2012, Comviva had partnered with MasterCard to launch an open loop Mobile Money partnership program, allowing customers to access major financial services on their mobile phones. The company had stated that it will be working with MasterCard to implement the mobile money program globally, enabling customers to carry out financial transactions like bill payments, remittances and purchase of goods and services at physical and online merchants via mobile phones.

Comviva along with MasterCard was also planning to help mobile network operators and financial institutions develop and deploy financial services offerings to its customers, which includes virtual mobile wallets offering basic services such as mobile top-ups, bill payments and P2P payments within their networks. The company had claimed that this program is expected to help 2.5 billion customers in emerging markets to gain access to these services on their mobile phones.

Note: This announcement was made on December 20, 2012 while we were on vacation.


– Tech Mahindra Acquires 51% Stake In Comviva For Rs 260 Crore
Tata Tele Ties Up With ICICI Bank To Offer Money Transfer Services
Five Banks Launch Aadhar Based Saral Money Instant Prepaid Cards With Visa
HDFC Bank Partners Monitise-Visa JV To Roll Out USSD Based Mobile Payments

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ