Mahindra Comviva announced the debut of connectMoney Service Manager through a deal with Econet Wireless, Zimbabwe. As a part of the first live deployment of connectMoney Service Manager, Econet Wireless has issued MasterCard debit cards which are linked to the EcoCash Wallet. Through the product, the organization aims to create an industry benchmark for mobile money by connecting financial open systems powered by MasterCard and other card networks. EcoCash account holders will receive these debit cards that will allow them to transact at point of sale terminals and also to withdraw cash via ATM machines accepting MasterCard, locally and internationally. connectMoney Service Manager will also offer virtual cards on request which will be accepted for payments across all e-commerce websites.
“Electronic payments acceptance is crucial to the Zimbabwean economy. It is imperative to provide convenient and integrated solutions to the consumers. connectMoney Service Manager will provide seamless interoperability with heterogeneous systems and services,” said Mr. Srinivas Nidugondi, Senior Vice President and Head Mobile Financial Solutions, Mahindra Comviva. “We are delighted to further strengthen our partnership with Mahindra Comviva and MasterCard to offer this unique offering, which provides additional choice to consumers across Zimbabwe. Consumers can now enjoy on the go transactions locally as well as internationally at a nominal price. This will further accelerate adoption of electronic payments in the country thus promoting the national agenda of a cashless society, as well as provide our customers with convenience for global transactions,” said Mr Japhet Aritho, Chief Operating Officer, EcoCash.