Mahindra Comviva, the global leader in providing mobility solutions, and EcoCash, the leading mobile money service provider in Zimbabwe are the joint winners at the 6th edition of the Kalahari awards. The award is the second consecutive win for Mahindra Comviva. The award was received for EcoCash Savings Club in the Best Mobile Innovation Category at the 6th Remittance & mobilemoneyexpo, held at Lagos, Nigeria. EcoCash Savings Club, powered by Mahindra Comviva’smobiquity® Money platform is a group saving service which digitizes traditional savings club in Zimbabwe and makes them even more inclusive, secure and transparent. It is aimed at the self-employed, informal sector entrepreneurs, street vendors, and women’s group who were limited to informal group savings previously as they were considered financially ineligible by mainstream banks.
Commenting on the achievement, Srinivas Nidugondi, Senior VP and Head of Mobile Financial Solutions at Mahindra Comviva, said, “In a market like Zimbabwe, mobile based savings club can drive social as well economic empowerment in all rungs of the society, whether it be the small or marginal farmer in need of some capital for buying seeds and farming implements, or the new or expecting mother in need of financial support while her baby is on the way.
“The award is a big motivation for us as it validates our belief in the role of technology as a catalyst for driving transformations in the society and at the same time motivates us to focus on innovative digital propositions,” he further added.
The Kalahari Awards honor organizations that have made significant contributions to the digital financial services sector and are poised to make considerable market impact in the future. The Awards are dedicated to acknowledging creativity, commitment and excellence in the mobile financial services across Africa.
