Paymentology’s collaboration with Vodafone Fiji boosts the M-PAiSA mobile wallet by introducing Mastercard digital first cards, enabling convenient international and online transactions for users.
In order to further its M-PAiSA mobile wallet, global payment processor Paymentology has renewed its collaboration with Vodafone Fiji. By using the M-PAiSA software, the wallet will be able to issue Mastercard digital first cards to its users, facilitating international and online transactions.
2010 saw the debut of Vodafone Fiji’s closed-loop mobile wallet solution. One of the biggest systemic payment platforms in Fiji, its current open-loop payment service platform, evolved from this offering. Utility payments, in-store QR payments, remote payments, cross-border transfer, and internet payment gateway services are just a few of the capabilities that the mobile wallet solution has to offer.
In order to build a gateway to the Mastercard global network for the issuance of M-PAiSA Mastercard debit cards, Paymentology will give Vodafone Fiji the connectivity necessary through the cooperation.
To authorise and process Mastercard payments, the collaboration uses shrewd APIs and a ready-made IT stack. Vodafone Fiji is now able to manage sophisticated operations while offering its consumers a secure and seamless payment experience thanks to the exclusion of Vodafone from the challenges of global payment connectivity and compliance enabling quicker rollout.
“Vodafone continues to push the envelope in the world of mobile,”
The statement is made at a time when Fiji’s use of credit and debit cards falls behind that of developed economies. Recent polls have also shown that a sizeable percentage of Fijians have trouble getting scheme cards for international transactions and taking part in the digital economy.
Customers can now apply through the M-PAiSA app without having to visit any existing outlets thanks to the M-PAiSA Mastercard’s onboarding.
The move also prompted comments from Emre Durusut, regional director APAC at Paymentology: “We’re tremendously happy to assist this next stage of Vodafone Fiji’s financial services expansion. By doing this, they were able to diversify their sources of income and lessen their reliance on traditional communication services, which are now viewed as mature products.
“Vodafone continues to push the boundaries of the mobile industry, and with our assistance, the company has not only opened up new markets but also made great progress toward advancing financial inclusion. Together, we look forward to paving the road for a future that is both inclusive and technologically advanced.
“We are thrilled to continue our collaboration with Paymentology as our chosen issuer processing partner, as their fundamental platform capabilities—compliance, speed, data, customization, and security—are unmatched,” said Deepak Baran, Vodafone’s head of fintech, in response to the news.
“Plus, their unmatched local expertise and unrelenting dedication to financial inclusion have been crucial to our successes. Together, we are establishing a future in which all Fijians have access to financial opportunities and progressing greatly toward embracing the thriving digital economy.