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

Airtel Money Unveils Next-Generation Mobile Payment Platform

Airtel Money, a subsidiary of Airtel Africa dedicated to mobile financial solutions, has recently launched a state-of-the-art mobile money platform. This platform, designed natively for the cloud, is powered by Comviva's mobiquity® Pay, marking a significant milestone in the evolution of mobile financial services across the continent.

This launch is not just about introducing a new technology; it signifies the beginning of a comprehensive digital transformation strategy aimed at redefining financial service delivery for the company's 49.8 million customers. The rollout commenced in Kenya and is set to extend to numerous other markets where Airtel operates over the coming year.

The enhanced platform promises improved operational efficiency and scalability, which opens the door to a wider array of fintech services. This advancement positions Airtel Money as a comprehensive digital financial ecosystem. With over 50 advanced features and more than 120 open APIs, the platform enhances integration for partners, shortens innovation cycles, and paves the way for new revenue streams across Airtel's pan-African network.

Security has also been prioritized in the design of the platform. It incorporates cutting-edge security measures, including federated identity management and multifactor authentication. These features not only ensure compliance with regulatory standards but also foster trust and resilience among users. The platform will enhance user interfaces and self-service capabilities, while also enabling seamless international money transfers.

Ian Ferrao, the CEO of Airtel Money, expressed that this launch is more than a mere technological upgrade; it is a complete transformation in responding to consumer needs. He stated, “With mobiquity® Pay from Comviva, we are laying the foundation for a future-ready financial ecosystem, accelerating financial inclusion, and creating more opportunities for individuals and businesses across Africa.”

As part of this transformative journey, Rajesh Chandiramani, CEO of Comviva, expressed pride in partnering with Airtel Money. He highlighted that this cloud-native deployment acts as a catalyst for financial inclusion, granting millions access to secure and innovative digital financial services. By combining advanced architecture with intelligent automation, we empower operators to stimulate sustainable growth and foster large-scale socio-economic opportunities.

Overview of Airtel Africa

Airtel Africa is a leading telecommunications provider and mobile money service, operating in 14 countries across sub-Saharan Africa. With a customer base of approximately 161.1 million, Airtel Africa delivers a suite of integrated mobile services that encompasses national and international voice and data offerings, along with mobile money services. The company's mission is centered on enhancing customer experiences and promoting digital and financial inclusion to transform the lives of Africans efficiently.

For more information, visit www.airtel.africa