Moldcell launches the first digital wallet of its kind - moldcell money, powered by Comviva

NEW DELHI, March 17, 2023 (Archyde.com) /PRNewswire/ – Financial service to accelerate digital payments in Moldova and transition to a cashless economy

Moldcell, the leading mobile operator in Moldova, announced its entry into the financial services market with the first digital wallet of its kind, “moldcell money”. With this launch, Moldcell has become the first telecom operator in Moldova to offer digital financial services that match its Offer customers a new level of comfort and security.

This service is now available through the moldcell money app and allows subscribers of all national mobile networks to transfer money and pay for services directly from their mobile wallet. This new service is an important step towards financial inclusion and the creation of a cashless economy.

The financial service is powered by Comviva, the global leader in digital financial solutions. Comviva has implemented its flagship mobiquity® Pay platform, which offers several innovative features. Users can make payments using their mobile numbers without the need for bank cards or cash, and can transfer money to any mobile number or pay for services directly from the mobile app. The service also allows to transfer money using an SMS code or in any Moldcell center, ensuring the security of personal data and instant payment.

Olga Pavlic, Director of Mobile Financial Services and Business Innovation at Moldcell, commented on the partnership as follows: “Our solution moldcell money is the first fintech service on the telecom market in Moldova, the aim of which is to offer a wide range of financial services to the subscribers of all communication networks. The solution consists of three main components: the “moldcell money” mobile app, which offers various services such as payments, bills, loans, government payments, gambling payments, money transfers to loved ones and bonuses; financial services available in direct Moldcell stores in the are available across the country, making remittances and payments convenient, easy and accessible; the ability to make payments with Moldcell number exclusively for Moldcell subscribers, which provides an added benefit of convenience and simplicity.”

“Comviva is an industry leader in payments and our work on this first project in the region will lay the foundation for many more exciting payments developments in the region. We are excited to be collaborating with Moldcell on its digitization initiative, which will offer a modern, digital and secure way of processing payments,” said Srinivas Nidugondi, Chief Transformation Officer, Digital Financial Solutions bei Comviva.

Comviva’s Mobiquity Pay is one of the leading digital payment platforms worldwide. It is a cloud-native payment platform that handles all digital money, wallet and payment needs. Mobiquity Pay is a feature-rich, robust, scalable and flexible platform serving consumers, service providers and their partners. It facilitates digital payments for all customer segments and allows them to use multiple payment instruments such as bank account, credit card, prepaid account and stored value account (SVA).

Please contact:

Sundeep Mehta

Corporate Communications Sundeep.mehta@comviva.com