Mahindra Comviva, a provider of mobility solutions, has released the new and upgraded mobiquity Wallet 2.0 to enable digital wallet providers to adapt quickly to changing customer needs and regulatory expectations.
The second generation of mobiquity Wallet features interactive GUI that enables digital wallet providers to swiftly make configuration changes, create and modify fee and strengthen security.
The platform is user friendly and flexible enough to satisfy a wide range of use case scenarios, the company added. The platform can demystify complex rules and procedures for the users, including service charges and taxation with the help of rule based policies that are easy to understand and apply.
From security point of view, the platform offers a strong fraud management framework that includes a multi-parameter and multi-process driven fraud detection and prevention.
mobiquity Wallet 2.0 ensures that digital service providers spend more time on monetization rather than juggling between routine administration and operational tasks by offering a simplification layer for business and operational complexities.
Mahindra Comviva SVP of mobile financial solutions Srinivas Nidugondi said: “This platform will help digital wallet providers – banks, retailers or network operators – to simplify operations at the backend by providing flexible frameworks and simple interface driven business definition.
“The mobile payments landscape is complex. There are so many different pieces to the puzzle – flexibility, security, responsiveness – that have to be brought together to cater to the diverse needs of different stakeholders in the system,” he added.
mobiquity Wallet is a white-label mobile wallet solution that offers an end-to-end HCE solution including tokenization. It is one of the first wallet platforms to use NFC – HCE, QR code, biometrics and BLE, creating compelling consumer experiences.