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Comviva & Global Money Exchange win IBSi Global FinTech Innovation Award for Transforming Cross-Border Payments
Prnewswire· 2025-12-23 08:20
Core Insights - Comviva has been awarded the IBS Intelligence Global FinTech Innovation Award 2025 for 'Best In-Class Cross Border Payments' due to its collaboration with Global Money Exchange Co. LLC (GMEC) in Oman [1][4] Group 1: Company Achievements - The award recognizes Comviva's ®mobiquity Pay for transforming the cross-border payment ecosystem beyond traditional remittance services [2][4] - The deployment of the Global Pay Oman App allows GMEC to provide international money transfers, forex ordering, and a range of financial services through a unified platform [2][3] Group 2: Industry Impact - Comviva's solution enhances operational efficiency and customer retention in the competitive cross-border payments market by integrating multiple payment use cases into a single digital wallet [3] - The recognition emphasizes the growing necessity of cross-border payments, particularly for migrant and trade-linked economies, highlighting the importance of user experience and operational resilience [4]