Launch of mobile service Mobi Cash has been announced by the major wireless and fixed line telecom operator in Morocco, Maroc Telecom, in partnership with Comviva which provides mobile solutions beyond VAS.
Comviva’s mobiquit mCommerce solution will be used by the Moroccan operator enabling mobile operators and financial institutions to offer secured and cost-effective mobile banking, mobile wallet and mobile payment services.
According to Sabri Amireh, Vice President, MENA Region, Comviva, the company is focusing strongly on delivering mCommerce solutions for the rapidly growing markets, as demand for transformational mobile financial services is significant.
As per a research, mobile phone will be used by over 100 million users globally for international money transfers by 2013. The mobile international transfers are expected to exceed an average of one transaction per month. Western Europe, North America and Africa and Middle East (MEA) will account for more than 75% of the global international mobile money transfer gross transaction value by 2013.
Source: Wireless Federation.