Free, Senegal’s second-largest mobile network operator, has deployed mobiquity Money from Indian mobility solutions provider Comviva to enhance its mobile money service Free Money.
Launched in 2014, Free Money is one of the leading mobile money services in Senegal, offering such digital financial services as money transfer, bill payment, merchant payment and mobile credit recharge.
Free is Senegal’s second-largest mobile operator with 4.4 million subscribers. Free provides a fast 4G+ network available in many areas of the country. Free also provides Free Money to simplify and make daily financial transactions safer, and to help increase financial inclusion in the country.
Comviva says that mobiquity Money is a highly scalable platform that will help Free Money to rapidly add new customers, accelerate transaction growth and launch innovative features, while maintaining a high service uptime and availability.
The technical architecture of the mobiquity Money platform has enabled Free Money to rapidly develop new features as well as quickly integrate with billers, merchants, banks, remittance providers and other third-party systems, reducing time to launch new digital financial services.
The platform brings many enhanced capabilities such as improved reporting, flexible pricing and better bulk payment functionality, which allows Free Money to deliver digital financial services and experience in alignment with its customer needs.
Comviva’s mobiquity Money provides financial services to over 110 million consumers globally and processes more than 6.5 billion transactions, amounting to over $130 billion annually.