Mauritius Telecom has deployed the country’s first national mobile payment solution in the capital of Port Louis.
Launched by the island nation’s Prime Minister Pravind Jugnauth, the my.t money mobile payment solution is provided by PCCW Global, the international operating division of Hong Kong’s HKT. The service is based on the operator’s Tap & Go mobile payment service in its home market.
The solution helps to close the digital divide by facilitating both payment and non-payment transactions through a mobile application platform that offers a rich digital lifestyle experience beyond traditional payment services. Key elements of a cashless society can be integrated into the platform, including education, commerce and finance, transportation and government social welfare initiatives.
In addition, the service has the ability to address the "unbanked" portion of the population with accessible financial services and applications that run on both modern and older phones and networks.
Mr. Sherry Singh, Chief Executive Officer of Mauritius Telecom, said: “my.t money seeks to make payment fast, simple and fun. 200,000 customers have already signed up and at launch we already have 1,000 merchants and more than 200 loyalty partners.”
The Tap & Go mobile payment service upon which my.t money is based was first launched in Hong Kong in 2015 by HKT Payment Limited, an affiliate of PCCW Global. The solution itself is cloud-based with local hosting for sensitive customer data, while mobile apps and the payment engine can be localised or delivered internationally. The my.t money chip card is compliant with the Europay Master and Visa (EMV) security standard and the solution design follows best practice security standards.
In addition to Tap & Go mobile payment service, PCCW Global will also provide international network connectivity, system installation and integration, supply of Point of Sale (POS) equipment, and the management of native cloud applications to Mauritius Telecom. The IT environment is also specifically compliant with General Data Protection Regulations (GDPR).
For greater resilience, reliability and remote support purposes, the my.t money service is also connected to PCCW Global’s advanced international network which spans 160 countries and has Points of Presence (PoPs) located in cities throughout Europe, Asia, Africa and the Americas. The network is further complemented by 188 worldwide wholesale partners that expand network reach to even more locations.