#Comviva #South Africa #Cape Town #mobiquity Pay #Airtel Money

Airtel Money Unveils Cutting-Edge Cloud-Native Platform

Airtel Africa’s mobile money division, Airtel Money, has made a significant leap forward with the launch of a groundbreaking cloud-native mobile money platform powered by Comviva's innovative mobiquity® Pay. This significant rollout marks the commencement of an ambitious digital transformation initiative aimed at enhancing financial service delivery to Airtel Money’s impressive user base of nearly 50 million across Africa.

This strategic transformation is starting in Kenya, with plans to extend to multiple Airtel markets across the continent in the coming year. The newly introduced platform not only aims to elevate operational efficiency but also enhances scalability, unlocking a diverse range of fintech solutions and positioning Airtel Money as a comprehensive digital financial ecosystem.

Enhanced Features and Security

The new platform boasts over 50 advanced functionalities accompanied by more than 120 open APIs. This feature set is designed for expedited partner onboarding, improved innovation cycles, and the development of new revenue streams throughout Airtel Money’s extensive pan-African network. Emphasizing security, this platform is built upon a robust architecture that includes advanced safety measures such as federated identity management and multi-factor authentication. Such safeguards are pivotal to fostering customer trust, resilience, and compliance with regulatory requirements, catering to millions of users across Africa.

Improvements are also set to include enhanced user interfaces, offerings of self-service capabilities, and seamless international money transfer services, promoting user friendliness and accessibility.

Leadership Insights

Airtel Money CEO, Ian Ferrao, has expressed that this initiative represents more than just a technological update; it's a reconfiguration of service strategies aimed at fulfilling customer needs. He stated, “With Comviva's mobiquity® Pay, we are establishing the groundwork for a forward-thinking financial ecosystem that not only accelerates financial inclusion but also fosters broader opportunities for individuals and businesses throughout Africa.”

Comviva's CEO, Rajesh Chandiramani, cited the partnership with Airtel Money as a significant element on this transformative journey, remarking, “This cloud-native deployment will act as a catalyst for improved financial inclusivity, allowing millions to access secure and innovative digital financial services. Our focus is on combining advanced architecture with intelligent automation to empower providers, promoting sustainable growth while unlocking vast socioeconomic opportunities.”

Airtel Africa at a Glance

Airtel Africa stands as a prominent player in telecommunications and mobile money sectors, with a presence spanning 14 nations across sub-Saharan Africa. Their operations cater to 161.1 million customers, offering both national and international mobile communications and comprehensive mobile financial services. The overarching strategy of Airtel Africa is rooted in enhancing customer experiences while promoting digital and financial inclusion that transforms lives across the continent. Such initiatives relate keenly to the essence of their corporate purpose, striving for sustainable growth in the digital realm of Africa.

Conclusion

As Airtel Money launches its next-gen mobile money platform, it not only pushes the boundaries of technology but also sets a precedent for financial services innovation in Africa. By integrating cutting-edge technology with user-centric solutions, Airtel Money aims to reshape the landscape of mobile financial services, ultimately serving their commitment to foster widespread financial inclusivity on the continent.