Moldovan mobile network operator Moldcell has announced its entry into the financial services market with what it describes as a first-of-its-kind digital wallet called 'moldcell money'.
With this launch Moldcell says it has become the first operator in Moldova to provide digital financial services that bring a new level of convenience and security to its customers.
This service is now available through the moldcell money app and offers subscribers of any mobile network in the country the chance to transfer money and pay for services directly from their mobile wallet.
The service is supported by digital financial solutions company Comviva, Comviva has deployed its flagship mobiquity Pay platform, which, it says, provides several innovative capabilities.
Users can make payments with their mobile numbers, without the need for bank cards or cash, and can transfer money to any mobile phone number or pay for services directly from the mobile app. The service also allows users to transfer money using an SMS code or through any Moldcell Centre store, ensuring the safety of personal data and instant payment.
Olga Pavlic, Mobile Financial Services and Business Innovation Director at Moldcell, explains: “The solution consists of three main components: the ‘moldcell money’ mobile application, which offers various services such as payments, bills, loans, government payments, gaming payments, money transfers to loved ones and bonuses; financial services available in Moldcell stores throughout the country; and the possibility to make payments with Moldcell number exclusively for Moldcell subscribers.”