Mahindra Comviva has introduced a new service, known as connectMoney Service Manager, in partnership with Zimbabwe-based Econet Wireless.
As a part of the first live deployment of connectMoney Service Manager, Econet Wireless has issued MasterCard debit cards, which are linked to the EcoCash Wallet.
According to Mahindra Comviva, this is the largest rollout of secure EMV Chip and PIN payment cards in Zimbabwe. It is also the first time that MasterCard debit cards are available to consumers using mobile money services in Africa.
connectMoney Service Manager connects mobile money services to financial systems powered by MasterCard and other card networks.
EcoCash account holders will receive MasterCard debit cards allowing users to transact at POS terminals and also to withdraw cash via ATM machines accepting MasterCard, locally and internationally.
connectMoney Service Manager also offers virtual cards on request. The virtual card number is delivered through an SMS, which is accepted for payments across all e-commerce websites. The virtual card is directly connected to the mobile money account of the subscriber.
Commenting on launch, Srinivas Nidugondi, senior vice president and head of mobile financial solutions at Mahindra Comviva, said: "Electronic payments acceptance is crucial to the Zimbabwean economy.
"It is imperative to provide convenient and integrated solutions to the consumers. connectMoney Service Manager will provide seamless interoperability with heterogeneous systems and services."