Merchant Innovation

Mahindra Comviva Named Top Mobile Commerce Vendor

Mobile solutions provider Mahindra Comviva was named the “Mobile Commerce Vendor of the Year” at the 12th edition of Frost & Sullivan India ICT Awards.

Frost & Sullivan held a ceremony to honor Mahindra Comviva in New Delhi on June 24th. According to a Mahindra Comviva press release, the company received the award because of its “commitment to accelerate the adoption of digital commerce through its comprehensive portfolio of solutions catering to the entire ecosystem – consumers, merchants, and banks.”

The award-winning platform allows the rollout of full range of banking and payment services across numerous devices and channels such as client apps, SMS, USSD, IVR, QR Codes, BLE and NFC. As explained by the press release, this enables service providers to cater to the needs of various consumer segments.

Mahindra Comviva Senior VP and Head of Mobile Financial Solutions Srinivas Nidugondi said in the release that the future of payments “is digital and it is now.”

“Given the right mix of consumer access and merchant acceptance, mobile payments can quickly become a very popular way to transact,” Nidugondi said. “Our mobiquity® suite of products is designed with the vision to build a viable, vibrant payments ecosystem enabling businesses and consumers to enter into mutually rewarding relationships.”

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New PYMNTS Study: Subscription Commerce Conversion Index – July 2020 

Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. While that’s a great opportunity for providers, it also presents a challenge — 27.4 million consumers are looking to cancel their subscriptions because of friction and cost concerns. In the latest Subscription Commerce Conversion Index, PYMNTS reveals the five key features that can help companies keep subscribers loyal despite today’s challenging economic times.

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