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Triple Win for Airtel Uganda and Comviva at 2020 Emerging Payments Awards

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NEW DELHI: Airtel Uganda, together with long-term technology partner Comviva has won three awards at this year’s virtual Emerging Payments Awards Ceremony, streamed online for the global payments’ community and general public to witness.

Airtel Uganda and Comviva emerged winners for Airtel Money in the “Best Financial Inclusion Payments Initiative” and “Most Innovative Mobile or Financial Service Payments Solution” categories and for Airtel Money Pay in the “Most Innovative Merchant Services Solution’ category.

The Emerging Payments Awards are the virtual gathering place for the payments community to celebrate progress, applaud achievements, and network. Specifically, they celebrate innovation and collaboration by recognising companies that have made significant advances in how we pay today. The 2020 edition was held online and recognised most innovative projects in up to 20 different categories.

Speaking on behalf of Airtel Uganda, Manoj Murali the Managing Director expressed further optimism at the benefits that Airtel’s innovations can bring to subscribers and Ugandans across the country.

“It is extremely encouraging to see an innovation that we introduced to increase convenience and simplicity in the lives of our subscribers receive such global acclaim. We continue to partner with multiple utilities providers, billers, merchants, businesses, international remittance partners, Commercial banks and the Government of Uganda to ensure that subscribers can benefit from our portfolio of services,” he noted.

“The rich portfolio of services is complemented by an expansive Airtel money distribution network of over 140,000 active Airtel money agent and over 900 active and dedicated Airtel Money Branches spread across Uganda, providing last-mile services like cash deposit, withdrawals and customer support services to Airtel Money customers,” Murali added.

Commenting on the award, Manoranjan ‘Mao’ Mohapatra, Chief Executive Officer at Comviva said, “We are delighted to win this joint award with Airtel Uganda. We firmly believe that Airtel Money has been truly transformative as it provided the key to increase financial inclusion and create a digital economy. We are committed to constantly seeking out new ways to deliver innovative digital payment solutions which provide convenience to our customers, and help them solve real problems in a meaningful way. We hope to continue the good work and ensure the growth and prosperity of the mobile money ecosystem in Uganda.”

Airtel Money Uganda is powered by Comviva’s mobiquity platform and is one of the leading mobile money services in Uganda. Airtel Money leverages mobile technology to extend digital financial services to the financially underserved broadening the reach of the digital economy. Airtel Money provides a mobile wallet to consumers that is linked to their mobile number, allowing them to transfer money, save, get loans and make payments instantly, easily and securely, anywhere, anytime. Airtel Money can be accessed by all phones via USSD *185# or the ‘My Airtel’ mobile app.

This is not the first time that Airtel and Comviva are receiving commendation for their joint innovations. Earlier this year, the two technology partners won the 2020 Digital Wallet Innovation Award under the ‘Market Adoption’ category. In November 2020, Airtel and Comviva won the Payments Award 2020 for Airtel Money in the ‘Best Mobile Payments Solution’ category.

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Ericsson signs $8.3 billion 5G deal with Verizon

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NEW DELHI:Ericsson said that it has signed $8.3 billion agreement with Verizon to provide its industry-leading 5G solutions to accelerate the deployment of Verizon’s world-class next-generation 5G network in the U.S.

Niklas Heuveldop, President and Head of Ericsson North America, says: “This is a significant strategic partnership for both companies and what we’re most excited about is bringing the benefits of 5G to U.S. consumers, enterprises and the public sector. We’re looking forward to working with Verizon to leverage solutions like Cloud RAN and our Street Macro, adding depth and versatility to 5G network rollouts across the U.S.”

“With this new agreement, we will be able to continue driving innovation and widespread adoption of 5G,” said Kyle Malady, Chief Technology Officer for Verizon. “We are pleased to continue this work through our long-standing relationship with Ericsson.”

Under this $8.3 billion USD agreement, Verizon will deploy Ericsson’s 5G MIMO C-band, low-band and millimeter wave (mmWave) solutions to enhance and expand Verizon’s 5G Ultra Wideband coverage, network performance and user experience. Ericsson’s technology solutions, including Massive MIMO, Ericsson Spectrum Sharing and Ericsson Cloud RAN, complement the high-performing Ericsson Radio System portfolio to support 5G services. Ericsson’s industry-leading software functionality provides end-users with the speed and performance they expect from 5G networks.

In 2020, Verizon was the first communications service provider to receive a commercial 5G mmWave Street Macro base station from Ericsson’s award-winning new state-of-the-art U.S. smart factory in Lewisville, Texas. Ericsson is committed to building and accelerating the nationwide build-out of 5G across the country.

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Comviva launches next gen digital wallet and payment platform-mobiquity Pay X

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NEW DELHI: Comviva, the global leader in mobility solutions, today announced the launch of mobiquity Pay X, its next generation digital wallet and payment platform.

Mobiquity Pay is amongst the world’s largest digital financial services platforms, powering over 70 digital wallets and payment services for 130+ million consumers and processing over 7 billion transactions exceeding USD 130 billion annually in more than 50 countries.

With its new next generation mobiquity Pay X platform, Comviva has enhanced all aspects of digital financial solution, including scalability, faster deployment and time to market, simpler user lifecycle management & experience and enhanced security.

This new platform is completely built on microservices based architecture with fully independent and reusable components. The enhanced modularity facilitates faster time to market and greater scalability.

Mobiquity Pay X has enabled Open APIs to easily integrate with third party systems and extended financial ecosystem. To enhance user experience, the platform now offers a revamped slicker mobile app for consumers, agents, merchants and other business users and provides an advanced User Management System (UMS) that allows back-office users to easily manage the complete lifecycle of consumers, agents, merchants, and other business users seamlessly. Its intuitive user-interface, predefined templates and real-time feedback help quickly perform operations.

The new platform significantly strengthens security with robust authentication and authorization modules. It provides complete flexibility to easily configure various PIN, password and access rules as per the requirements. Its advanced session management capabilities help identify all active sessions and logins from a user through multiple devices and takes corrective action to prevent frauds.

Speaking on the launch, Srinivas Nidugondi, EVP and Chief Growth and Transformation Officer at Comviva, said, “COVID has significantly accelerated the growth of digital financial services and the entire financial ecosystem is growing at its fastest pace ever. Customer demand and public health priorities are pushing contactless payment adoption and our next generation mobiquity Pay X platform shall help financial service providers scale their digital wallet and payment services faster and seamlessly. With this new platform, Comviva has completely automated the software delivery process. The time to market has improved significantly with continuous product development, integration, testing, release and deployment.”

Mobiquity Pay X offers Order and Payment System that provides consumers a unified view of transactions performed by various payment instruments. It provides end-to-end tracking of entire payment transaction across all stages. It also enables back-office users to view status of payment transactions and identify failed and ambiguous transactions to take corrective actions like refund to complete the order-payment cycle.

The new mobile app is built using best-in-class design practices and has rich features including self-registration, biometric login, profile personalization, payment through multiple instruments (prepaid wallet, card, bank account), favourite transactions, multi-currency support, currency conversion, real time transaction tracking, referral bonus, merchant/agent locator, dynamic QR Code and many more.

With an enhanced monitoring and alerting system, mobiquity Pay X quickly aggregates system logs and key performance indicator data and provides a real-time bird’s eye view of critical operational parameters through visual dashboards. mobiquity Pay X has capability of proactive disaster management by identifying threshold breaches for critical application and system parameters in advance and providing real-time notifications for corrective actions.

Comviva has pre-integrated best-in-class technology in the areas of digital KYC and Personal Financial Management (PFM) to offer unparalleled value to consumers. These pre-integrated solutions in addition to offering enhanced experience to consumers, also significantly cut down cost and time to market while launching a digital wallet service. The platform also offers a document management system that provides flexibility to back-office users to quickly retrieve KYC documents a centralized repository for regulatory and business purpose.

 

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IT rules 2021 empowering, protecting users, asserts Ashwini Vaishnaw

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NEW DELHI: IT and communications minister Ashwini Vaishnaw on Sunday said the new information technology rules are empowering and protecting users.

He added that the new IT rules will ensure a safer and more responsible social media ecosystem in India.

“Reviewed the implementation and compliance of Information Technology Rules, 2021 along with my colleague Shri Rajeev Chandrasekhar ji. These guidelines are empowering and protecting users and will ensure a safer and responsible social media ecosystem in India,” Vaishnaw said on a social media account.

The new rules which came into effect from May 25 mandate social media companies to establish a grievance redressal mechanism for resolving complaints from the users or victims.

All significant social media companies, with over 5 million user base shall appoint a grievance officer to deal with such complaints and share the name and contact details of such officers.

The big social media companies are mandated to appoint a chief compliance officer, a Nodal Contact Person and a resident grievance officer. All of them should be a resident in India.

Twitter, which had been in the eye of the storm over its alleged failure to comply with the new IT rules in India, has named Vinay Prakash as its Resident Grievance Officer for India, according to the company’s website.

However, Facebook-owned Whatsapp has challenged the new IT rules for social media intermediaries requiring the messaging app to trace chats and make provisions to identify the first originator of information, saying they violate the right to privacy and are unconstitutional.

Whatsapp further alleged the requirement of intermediaries enabling the identification of the first originator of information in India upon government or court order puts end-to-end encryption and its benefits at risk.

Some of the media houses have also challenged the new IT rules and the matter is sub-judice.

Source: Press Trust of India

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