COMVIVA wins award for best mobile financial services solution at the 10th Global Messaging Awards 2010

Company Brief

New Delhi, June 30, 2010

Comviva, the global leader in providing mobile solutions beyond VAS, today announced that the company's mobiquity platform has won the Global Messaging Award 2010 for Best Mobile Financial Services Solution. The award recognized the company's innovative use of Unstructured Supplementary Services Data (USSD) to democratize financial services. The award was presented at the 10th Annual Global Messaging Congress 2010 held in London by Informa.

Comviva's mobiquity platform has been widely deployed by over 40 services providers globally. Comviva developed the solution to extend mobile financial services to a wider base of users by enabling affordable, simple and convenient access to financial services over the mobile. By embracing the mobile phone as a convenient, cash-free and card-free payment and transaction medium, mobiquity is able to deliver a range of transfer, remittance and payment applications.

"The foundation for enabling a world where many millions of low income mobile users can enjoy the benefits of mobile financial services are being laid now. Based on these foundations, we hope to see a world where mobile financial services become an everyday reality for them." said Mr. Manoranjan Mohapatra, CEO, Comviva. "At Comviva, we see a key role for ourselves in enabling this transformation. Recognition such as this helps further strengthen our resolve to provide access to financial services to the vast unbanked population across emerging markets," he added.

Comviva is a pioneer in leveraging the use of USSD to deliver mobile financial services. USSD is available on all GSM handsets and provides easy to use, convenient and secure access to mobile financial services. To conduct a transaction, subscribers have to dial a USSD service code to receive a customized services menu. Comviva has also developed special encryption technologies which provide foolproof security to the transaction initiated by the user.

The Global Messaging Congress is an annual event held by Informa to draw attention to the needs and achievements of the Mobile Messaging segment. It organizes 'Global Messaging Innovation Showcase' which is a platform where designers, developers and engineers of messaging applications and services have the opportunity to showcase their products to a panel of judges and conference delegates. Products are judged on their innovative qualities, usability and potential to increase messaging revenues.

For further information, please contact:

Comviva Technologies Limited

Sundeep Mehta

Mobile: +91 9910030732

Email: sundeep.mehta@comviva.com