Entitled ‘moldcell money’, the digital financial service aims to help accelerate digital payments in Moldova and expedite the transition to a cash-lite economy, while bringing forth a new level of convenience and security to its customers.
As per the information provided in the press release, the service is available through the moldcell money app and enables subscribers of any mobile network in the region to transfer money and pay for services from their mobile wallet in an easy and direct manner. The launch of the service is believed to mark a ‘significant’ step towards financial inclusion and the creation of a cash-lite economy.
The financial service is supported by Comviva, which has deployed its flagship mobiquity Pay platform which provides a series of capabilities. Users can carry out payments with their mobile numbers, with no requirement for bank cards or cash, and can also transfer money to any mobile phone number and pay for services straight from the mobile app. What is more, the service enables money transfers by leveraging an SMS code or through any Moldcell Center store, looking to ensure personal data safety, together with instant payment.
The moldcell money mobile application, which provides varied services of the likes of payments, bills, loans, government payments, gaming payments, money transfers to loved ones, and bonuses;
Financial services available in direct Moldcell stores throughout the region, which is believed to make transfers and payments convenient, simple, and accessible;
And the possibility of making payments with Moldcell number for Moldcell subscribers, thus providing additional comfort and simplicity.
Adding on this, Srinivas Nidugondi, Chief Transformation Officer, Digital Financial Solutions at Comviva advised that the company is looking forward to partnering with Moldcell in their digitisation initiative which is set to provide a modern, digital-first, and secure method for managing payments.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.