New Delhi, India – April 04, 2014: GlobalPlatform, the organization which standardizes the management of applications on secure chip technology, is pleased to welcome Mahindra Comviva as its newest member.

 

Mahindra Comviva is among the top 3 mobile financial technology providers across the globe processing over 20 billion USD in payment flows, handling millions of transactions every day and serving 700+ million consumers globally. As an Observer Member, Mahindra Comviva, a leading provider of mobility solutions, will take a keen interest in the activities of the GlobalPlatform Advisory Council and the Mobile Task Force. This group works to understand the business requirements of the secure mobile services ecosystem and aims to ensure an agreed and workable application management infrastructure is established.

 

“Mahindra Comviva firmly believes that there will be an augmented demand for adoption of technologies, like near field communication (NFC), that empower consumers to make payments with a simple tap through their mobile phones,” comments Srinivas Nidugondi, Senior VP and Head of Mobile Financial Solutions at Mahindra Comviva. “Our focus on innovation and the creation of a safe, secure and convenient environment to provide instant electronic transactions at any time, and from anywhere, has established our strong position in the mobile financial space. We are confident that our expertise will offer value to GlobalPlatform’s excellent work as it drives adoption of electronic transactions on mobile devices, reducing dependency on other form factors. Thus, we are delighted to confirm our membership as we share the same objectives and goals.”

 

Kevin Gillick, Executive Director at GlobalPlatform, concludes: “With the mobile payment services ecosystem rapidly evolving, it’s great to have companies like Mahindra Comviva on board. We look forward to its participation in the Mobile Task Force as we accelerate the establishment of a stable and interoperable mobile ecosystem.”

 

About GlobalPlatform

GlobalPlatform is a cross industry, not-for-profit association which identifies, develops and publishes specifications which facilitate the secure and interoperable deployment and management of multiple embedded applications on secure chip technology. Its proven technical specifications are regarded as the international industry standard for building a trusted end-to-end solution which serves multiple actors and supports several business models.

 

The freely available specifications provide the foundation for market convergence and innovative new cross-sector partnerships. The technology has been adopted globally across finance, mobile/telecom, government, healthcare, retail and transit sectors. GlobalPlatform also supports an open compliance program ecosystem to ensure the long-term interoperability of secure chip technology.

 

As a member-driven association with cross-market representation from all world continents, GlobalPlatform membership is open to any organization operating within this landscape. Its 120+ members contribute to technical committees and market-led task forces. www.globalplatform.org

 

About Mahindra Comviva

Mahindra Comviva is the global leader in providing mobility solutions. It is a subsidiary of Tech Mahindra and a part of the USD 16.7 billion Mahindra Group. With an extensive portfolio spanning mobile finance, content, infotainment, messaging and mobile data solutions, Mahindra Comviva enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Its mobility solutions are deployed by over 130 mobile service providers and financial institutions in over 90 countries, transforming the lives of over a billion people across the world. For more information, please visit http://www.mahindracomviva.com/olddata

 

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Media Contacts

Sundeep Mehta
Global PR & Corporate Communications
Mahindra Comviva
T: + 91 124 481 9000
pr@mahindracomviva.com