Kenya: Mahindra Comviva Joins Globalplatform

APRIL 08,2014.

CIO EAST AFRICA

PRESS RELEASE.

Mahindra Comviva has become the newest member of GlobalPlatform, an organization which standardizes the management of applications on secure chip technology.

As an Observer Member, Mahindra Comviva will take a keen interest in the activities of the GlobalPlatform Advisory Council and the Mobile Task Force which work to understand the business requirements of the secure mobile services ecosystem and aims to ensure an agreed and workable application management infrastructure is established.

"Mahindra Comviva firmly believes that there will be an augmented demand for adoption of technologies, like near field communication (NFC), that empower consumers to make payments with a simple tap through their mobile phones," comments Srinivas Nidugondi, Senior VP and Head of Mobile Financial Solutions at Mahindra Comviva.

According to Nidugondi the company and its expertise will offer value to GlobalPlatform's excellent work as it drives adoption of electronic transactions on mobile devices, reducing dependency on other form factors. Kevin Gillick, Executive Director at GlobalPlatform, concludes: "With the mobile payment services ecosystem rapidly evolving, it's great to have companies like Mahindra Comviva on board. We look forward to its participation in the Mobile Task Force as we accelerate the establishment of a stable and interoperable mobile ecosystem."

Mahindra Comviva is among the top mobile financial technology with over 20 billion USD in payment flows, handling millions of transactions every day and serving 700+ million consumers globally.