Panama-headquartered fintech firm Geva Group has selected Mahindra Comviva as its technology partner for MFS business.
With this partnership, the two companies will offer innovative mobile financial solutions (MFS) to telecom operators, banks, financial institutions and consumer packaged goods (CPG) companies in Central America and Caribbean.
Geva Group plans to bring out mobile and digital payments to businesses in the region and expand the concept at a rapid pace. Comviva’s leadership and experience in building a robust ecosystem for MFS businesses across the globe will help Group grow in the region. Geva will bring a wealth of experience and understanding of Central American and Caribbean markets which will help Comviva to expand its footprint in the region.
Srinivas Nidugondi, SVP and Head, Mobile Financial Solutions, Mahindra Comviva, said: “The partnership will strengthen our commitment to developing the next generation of digital financial services in Central America and Caribbean by leveraging the ubiquity of mobile. Geva Group’s highly experienced team and knowhow of regional and country level needs will be instrumental in marketing and distributing Comviva’s best in class mobile financial solutions.”
Gabi Geva, CEO, Geva Group said, “We have a successful cash-collection business in Panama and are looking to leverage mobile solutions to bring more efficiency, scale and speed in our operations. Moreover, we want to create a robust financial ecosystem which will enable banks, telecom operators, financial institutions and CPG companies to offer mobile financial service to financially underserved consumers in the region.”