New Delhi, India – February 06, 2014: Mahindra Comviva, the global leader in providing mobility solutions, has won top honors at the third edition of Frost and Sullivan Growth Leadership award. Mahindra Comviva’s mobiquity® platform has been named as the mobile financial solution of 2013.

The award is a validation of Mahindra Comviva’s commitment to transform lives through mobile financial transactions for the banked and unbanked. Globally, Mahindra Comviva’s platform has successfully processed more than 10 billion transactions, impacting 7% of the world’s population.

According to Srinivas Nidugondi, Senior VP & Head of Mobile Financial Solutions, Mahindra Comviva, “We are extremely honored to be a recipient of the popular Frost & Sullivan Awards. Our mobiquity® platform is a result of our constant effort to innovate and create a safe, secured, convenient environment to provide instant non-cash transactions at any time and from anywhere. It validates our unequivocal market leadership in the mobile financial space.”

The Frost & Sullivan awards seek to recognize companies that have pushed the boundaries of excellence, rising above the competition and demonstrating outstanding performance. Mahindra Comviva is among top 3 mobile financial providers, handling millions of transactions every day and empowering over 700 million consumers globally.

Frost & Sullivan Best Practice Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.

Awards are based entirely on the merit of the product, service, or technology being evaluated. The first phase of our research process focuses on key industry challenges. Once these are determined, it is then possible to identify applicable measurements that address those challenges.

Mahindra Comviva’s mobiquity® is a highly robust, secure, scalable and feature rich mobile financial solutions platform that embraces mobile phone as a digital container for holding money and payment instruments – enabling service providers across financial and telecom industry to cater to the diverse financial needs of various consumer segments. The platform delivers a range of financial and payment services such as mobile money, branchless banking, mobile banking and mobile payments, supporting various handset bearers including mobile app, QR codes, NFC, IVR, USSD and STK.

About Mahindra Comviva

Mahindra Comviva is the global leader in providing mobility solutions. It’s 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

Supporting Resources

Follow Mahindra Comviva on Twitter, Facebook, Linkedin

Media Contacts

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