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Mahindra Comviva Bags Mobile Commerce Vendor the Years Award

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Mahindra Comviva, the global leader in providing mobility solutions, has won top honors at the 12th edition of Frost & Sullivan India ICT Awards.

Mahindra Comviva has been named the “Mobile Commerce Vendor of the Year” for promoting growth of digital payments.  

The Frost & Sullivan awards recognize and acknowledge companies who have pushed the boundaries of excellence – risen above competition and demonstrated outstanding performance in the Information and Communications Technology (ICT) sector in India.

The award presented during a ceremony held in New Delhi on June 24th is recognition of Mahindra Comviva’s commitment to accelerate the adoption of digital commerce through its comprehensive portfolio of solutions catering to the entire ecosystem – consumers, merchants, and banks.

The mobile financial suite of products powers over 120 mobile services in 55 countries and serves over 750 million mobile users globally.

According to Srinivas Nidugondi, senior VP and Head of Mobile Financial Solutions at Mahindra Comviva, “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. 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. The Frost & Sullivan India ICT Awards demonstrates our market leadership in developing innovative digital payment propositions and delivering value, convenience, and a secure, better alternative to cash to consumers and businesses alike.”

Congratulating Mahindra Comviva on the Award, Mr. Benoy CS, director, ICT Practice Frost & Sullivan said that backed by its technological prowess and strategic focus to build services that deliver value to customers across all segments, Mahindra Comviva has created a niche for itself.

An extensive global footprint, market leading products and solutions, easy to use yet enhanced solutions along with strategic alliances and deep domain expertise have seen Mahindra Comviva emerge as the undisputed leader in the mobile financial services domain.

With a huge chunk of the Indian population still unbanked, the ubiquitous mobile platform can provide a number of utility services through m-commerce and m-banking driving financial inclusion in the country. 

New age digitally connected customers are increasingly comfortable using the mobile to transact and engage with brands.

Digital payments are essentially a two-sided business, with the utility of holding payment instruments directly proportionate to the number of acceptance points. mobiquity®, an integrated mobile payments platform, is designed to address the fundamental two-sided nature of payments and fuel a virtuous cycle of  growth in cashless transactions.

Mahindra Comviva’s award winning product, mobiquity® Money 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.

The platform allows the rollout of full range of banking and payment services across a wide range of devices and channels such as client apps, SMS, USSD, IVR, QR Codes, BLE and NFC – enabling service providers to successfully cater to the needs of various consumer segments.


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E-Business

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

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National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance synergy between digital identity, payment ecosystems and secure seamless data exchange capabilities for Nigeria.

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

l-r: Kashifu Inuwa, Director General of NITDA, and Bisoye Coker-Odusote,  Director General of NIMC, during the meeting at the NIMC headquarters in Abuja..

NITDA, which made the announcement on its X handle, said that the collaboration was to further strengthen Nigeria’s digital economy in line with President Bola Tinubu’s Renewed Hope Agenda,

During the meeting, Kashifu Inuwa, director general of NITDA, and Bisoye Coker-Odusote, director general of NIMC, with some management staff of both organisations, discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of public-key infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up.

This committee will play a crucial role in kickstarting and harmonising the initiatives and is expected to deliver a comprehensive implementation report within the next 4 weeks.

 

 


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Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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