Mobile financial and VAS solutions privider, Mahindra Comviva, has won the AfricaCom Awards 2013 in the “Best mobile money service” category for its mobile money service EcoCash Zimbzbwe.
The service powered by the firm’s mobiquity® mMoney solution was recognized among AfriCom’s premier accolade for service providers operating in Africa’s digital market.
Speaking on the occasion, Manoranjan Mohapatra, Chief Executive Officer, Mahindra Comviva said, “It is an honor to receive such a coveted award. The emergence of sectors like financial services as key revenue contributors truly reflects the gradual transformation of African market. I am extremely elated that Mahindra Comviva’s efforts in these fields have been recognized especially for EcoCash, which strengthens the financial infrastructure.”
With over 3 million users in Zimbabwe, EcoCash customers have a multi-functional and secure account to receive salaries, initiate international and domestic remittances, buy airtime, pay utility bills and merchant payments.
EcoCash transactions are equivalent to 22% of the country’s GDP (USD 10B)