Mahindra Comviva unveils mobiquity Wallet 2.0

New Delhi, July 19 (IANS) Mobility solutions firm Mahindra Comviva on Tuesday released an upgraded mobiquity Wallet 2.0 that will offer digital wallet providers the flexibility to adapt quickly to evolving customer needs and focus on monetisation strategies.

"This platform will help digital wallet providers -- banks, retailers or network operators -- to simplify operations at the backend by providing flexible frameworks and simple interface driven business definition," said Srinivas Nidugondi, Senior Vice President (SVP), Mobile Financial Solutions, Mahindra Comviva, in a statement.

mobiquity Wallet 2.0 features easy-to-use, interactive GUI (graphical user interface) that allows digital wallet providers to quickly make configuration changes, create and modify fee and strengthen security.

From the security point of view, mobiquity Wallet 2.0 provides a robust fraud management framework that includes a multi-parameter and multi-process driven fraud detection and prevention.