Comviva, the global leader in mobility solutions, announced that its payPLUS Unified Payment Acceptance solution has won the “Best Innovation Award” in the Vendor category at the 8th Annual Asia Communications Awards. The award was presented recently in Singapore.
payPLUS Unified Payment Acceptance solution is a white-label platform that aims to simplify life of merchants and merchant acquirers at a time of increasing complexity in the digital payments world. For merchants, payPLUS provides a single application for accepting multiple digital payments instruments such as cards, digital wallets, QR Code based payments, Unified Payments Interface (UPI) and Biometric payments like Aadhaar Pay across channels such as in-store, app & web. With a single application for multiple payment instruments, merchant just need to remember one username and password. More importantly, payPLUS simplifies reporting and reconciliation. Merchant gets a single dashboard view of his sales through all digital channels allowing him to take quick and informed business decisions.
For merchant acquirers and banks, payPLUS provides a unified merchant & transaction management portal on the back end simplifying operations. payPLUS provides self on-boarding functionality, which significantly lowers the on-boarding cost and allows the merchant to start accepting payments by just downloading the app. payPLUS has been commercially deployed by one of the leading 4G mobile operator in India for their merchant app.
Speaking on the win, David Peters, Vice President, ASEAN & ANZ at Comviva said, “We are delighted to receive Asia Communication Awards. The award validates our leadership position in the digital payments arena. In a fast-evolving digital payments world, solutions that can simplify payments acceptance are need of the hour. payPLUS simplifies payment acceptance by unifying acceptance of multiple digital payments instruments through a single interface.”
One of the judges quoted that “payPLUS provides much needed integration with a big picture view for digital payments in a huge market”. Another judge said that “A single unified payment innovation which is clearly paying off in India, with significant downloads and excellent customer feedback. Impressive results-driven innovation.”
The Asia Communication Awards is region’s leading award platform which recognizes achievement and innovation in Asia within the global telecommunications industry. This year celebrated the 8th Edition of the awards, where hundreds of guests from leading Asian telecoms carriers, service providers, operators and vendors were in attendance.
About Comviva Technologies Ltd.
Comviva is the global leader of mobility solutions catering to The Business of Tomorrows. The company is a subsidiary of Tech Mahindra and a part of the $19 billion Mahindra Group. Its extensive portfolio of solutions spans digital financial services, customer value management, messaging and broadband solution and digital lifestyle services and managed VAS services. It enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Comviva’s solutions are deployed by over 130 mobile service providers and financial institutions in over 95 countries and enrich the lives of over two billion people to deliver a better future. For more information, please visit www.mahindracomviva.com