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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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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