Page 37 - SAMENA Trends - August 2019

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PCCW Global and Mauritius Telecom Collaborate to Launch Island’s First

Mobile Payment Solution

Mauritius Prime Minister, Pravind was made available to Mauritius Telecom international network which spans 160
Jugnauth, has launched the Indian Ocean both prior to, and during, the development countries and has Points of Presence
island nation’s first national mobile of my.t money, which greatly assisted in (PoPs) located in cities throughout Europe,
payment solution in the capital city Port ensuring a smooth and efficient product Asia, Africa and the Americas. The network
Louis. Based on the proven Tap & Go mobile development process. The solution itself is further complemented by 188 worldwide
payment service in Hong Kong, Mauritius is cloud-based with local hosting for wholesale partners that expand network
Telecom’s my.t money is a mobile payment sensitive customer data, while mobile apps reach to even more locations. PCCW
solution provided by PCCW Global, the and the payment engine can be localized or Global has recently assisted numerous
international operating division of HKT, delivered internationally. The my.t money worldwide customers to implement digital
Hong Kong’s premier telecommunications chip card is compliant with the Europay transformation initiatives, including
provider. Mauritius Telecom’s my.t money Master and Visa (EMV) security standard international connectivity, FinTech,
mobile payment solution helps to close and the solution design follows best smart cities, smart buildings, Internet
the digital divide by facilitating both practice security standards. In addition to of Things, Big Data Analytics, cloud,
payment and non-payment transactions Tap & Go mobile payment service, PCCW and orchestration projects. Mr. Marc
through a mobile application platform that Global will also provide international Halbfinger, Chief Executive Officer of PCCW
offers a rich digital lifestyle experience network connectivity, system installation Global, said, “When combined with a high-
beyond traditional payment services. and integration, supply of Point of Sale speed, robust and secure global network,
Key elements of a cashless society can (POS) equipment, and the management our FinTech experience in Hong Kong
be integrated into the platform, including of native cloud applications to Mauritius places us in an ideal position to work with
education, commerce and finance, Telecom. The IT environment is also ICT service providers in rolling out cutting-
transportation and government social specifically compliant with General Data edge mobile payment solutions anywhere
welfare initiatives. In addition, the service Protection Regulations (GDPR). For greater in the world. It is exciting to think of all the
has the ability to address the “unbanked” resilience, reliability and remote support new possibilities and opportunities this
portion of the population with accessible purposes, the my.t money service is also service can bring to a connected world.”
financial services and applications that connected to PCCW Global’s advanced
run on both modern and older phones
and networks. Speaking of his company’s
vision in launching this service, Mr. Sherry
Singh, Chief Executive Officer of Mauritius
Telecom, said, “In terms of vision and
ambition, Mauritius Telecom is not just
launching another service. We intend to
positively disrupt the payments industry.
my.t money seeks to make payment fast,
simple and fun. 200,000 customers have
already signed up and at launch we already
have 1,000 merchants and more than 200
loyalty partners.” The market-proven Tap
& Go mobile payment service upon which
my.t money is based was first launched
in Hong Kong in 2015 by HKT Payment
Limited, an affiliate of PCCW Global and a
holder of a Stored Value Facilities license
granted by the Hong Kong Monetary
Authority. PCCW Global’s experience
and expertise in the development and
launching of mobile payment services

37 AUGUST 2019