Comviva Wins World Communication Award 2012 for mobiquity® mTicketing Services in Bangladesh

Jan. 16, 2013 - PRLog -- New Delhi, November 14, 2012 - Comviva, the global leader in providing mobile financial and VAS solutions, today announced that it has won the World Communication Award 2012 for its mobiquity® mTicketing services to Bangladesh Railways in collaboration with country’s two leading mobile operators . The awards were presented at the award ceremony held recently in London.

Comviva's mobiquity® mTicketing solution allows consumers to quickly and conveniently book and buy intercity train tickets using their mobile phone. Users can either purchase the ticket using their prepaid mWallet account or over the counter at an authorized operator outlet.

Speaking on the occasion, Srinivas Nidugondi - Vice President, Mobile Financial Solutions at Comviva said, "It is heartening to receive this award as it showcases the potential of our mobiquity® platform. Our mobiquity® mTicketing solution offers a quick and convenient train ticket booking services to over 50 million mobile consumers who used to spend around 4 hours to book a train ticket earlier. This award is testament to our pioneering spirit to innovate and empower mobile financial solution providers to meet the evolving needs of their customers.”

Bangladesh Railways is the country’s oldest public institution with a 142 year old history and transports 65 million passengers annually and is the most economical and widely used form of transport across social segments. A large population, low levels of consumer literacy, an underdeveloped financial infrastructure and poor penetration of credit and debit cards hampers the growth of digital sales in Bangladesh. In 2011, two of the country’s leading operators, with a collective base of 50 million customers, partnered with Bangladesh Railways to exploit the mobile to retail tickets. The service is available pan- Bangladesh for all destinations covered by the railway network.

About World Communication Awards

The World Communication Awards recognize the companies and individuals responsible for -innovation, achievement and great new services that are helping to build tomorrow’s industry. The Awards are open to all communications providers, whether they are a traditional carrier, service provider, multimedia content provider or another organization providing a communication service. The awards focus on the big issues, while encouraging more entries from communications providers across the globe, both large and small, to ensure the awards can truly claim ’world’ status.

About Comviva Technologies Ltd.

Comviva is the global leader in providing mobile financial and VAS solutions. Tech Mahindra Limited, India’s sixth largest software exporter holds majority stake in the company. With an extensive portfolio of solutions spanning VAS infrastructure, applications delivery platforms and customer-facing applications, Comviva enables mobile service providers to enrich mobile users’ lives, whilst rationalizing costs, accelerating revenue growth and enhancing customer lifetime value. Comviva’s solutions are deployed by service providers in over 90 countries and power services to more than a billion mobile subscribers globally. For more information, please visit www.comviva.com