MICROCAPITAL BRIEF: Indian Mobile Commerce Provider Comviva, Bangladeshi Cellular Service Provider Bangalink Partner to Launch mWallet Service for Microfinance and Other Customers in Emerging Markets

Comviva, a mobile commerce provider based in India, and Bangalink, a cellular service provider based in Bangladesh, have partnered to offer unbanked citizens of Bangladesh an “mWallet” service for managing their finances using mobile phones.

The mWallet uses Comviva’s “mobiquity™” platform to enable subscribers to make transactions including international and domestic remittances, utility payments and ticket purchasing for events, travel and other services. Customers may set up accounts through Bangalink partner banks that will also serve as cash custodians for Bangalink. Customers will also be able to make remittances and perform other in-person transactions at almost 1000 Bangalink outlets in Bangladesh.

Shihab Ahmad’s Bangalink vision is “improving peoples’ lives by delivering mobile-based services, particularly creating access to financial services for the masses [1].”

By John Howard-Smith, Research Associate

About Comviva: Founded in 1999, Comviva is a mobile commerce provider based in India. Its core business is to provide technology and mobile phone applications to companies wishing to expand their businesses to a mobile platform. Comviva’s focus is India, but it operates in 80 countries worldwide and is expanding into emerging markets to reach low-income households with technology.

[1] Mobile Money Exchange: “Comviva’s mobiquity™ mCommerce Platform Enables Bangalink to Launch mWallet Service.”, http://www.mobilemoneyexchange.org/News/comvivas-mobiquityt-mcommerce-platform-enables-banglalink-to-launch-mwallet-service

MicroCapital’s Microfinance Universe profile: Comviva, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Comviva

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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