TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

IoT Services & Applications

IoT Services & Applications

PCCW Global and Mauritius Telecom collaborate to launch island’s first mobile payment solution

Via PCCW Global

Aug 26, 2019

HKT (SEHK:6823) – HONG KONG, August 24, 2019

Mauritius Prime Minister, Honourable Pravind Jugnauth, has today launched the Indian Ocean island nation’s first national mobile payment solution in the capital city Port Louis. Based on the proven Tap & Go mobile payment service in Hong Kong, Mauritius Telecom’s my.t money is a mobile payment solution provided by PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications provider.

Mauritius Telecom’s my.t money mobile payment solution helps to close the digital divide by facilitating both payment and non-payment transactions through a mobile application platform that offers a rich digital lifestyle experience beyond traditional payment services. Key elements of a cashless society can be integrated into the platform, including education, commerce and finance, transportation and government social welfare initiatives.

In addition, the service has the ability to address the "unbanked" portion of the population with accessible financial services and applications that 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 was made available to Mauritius Telecom both prior to, and during, the development of my.t money, which greatly assisted in ensuring a smooth and efficient product development process.

The solution itself is cloud-based with local hosting for sensitive customer data, while mobile apps and the payment engine can be localized or delivered internationally. The my.t money chip card is compliant with the Europay Master and Visa (EMV) security standard and the solution design follows best practice security standards.

In addition to Tap & Go mobile payment service, PCCW Global will also provide international network connectivity, system installation and integration, supply of Point of Sale (POS) equipment, and the management of native cloud applications to Mauritius Telecom. The IT environment is also specifically compliant with General Data Protection Regulations (GDPR).

For greater resilience, reliability and remote support purposes, the my.t money service is also connected to PCCW Global’s advanced international network which spans 160 countries and has Points of Presence (PoPs) located in cities throughout Europe, Asia, Africa and the Americas. The network is further complemented by 188 worldwide wholesale partners that expand network reach to even more locations.

PCCW Global has recently assisted numerous worldwide customers to implement digital transformation initiatives, including international connectivity, FinTech, smart cities, smart buildings, Internet of Things, Big Data Analytics, cloud, and orchestration projects.

Mr. Marc Halbfinger, Chief Executive Officer of PCCW Global, said, “When combined with a high-speed, robust and secure global network, our FinTech experience in Hong Kong places us in an ideal position to work with ICT service providers in rolling out cutting-edge mobile payment solutions anywhere in the world. It is exciting to think of all the new possibilities and opportunities this service can bring to a connected world.”

Related Topics
  • Asia-Pacific,
  • IoT Services & Applications,
  • PCCW Global,
  • Telco & CSP,
  • Tracker

More Like This

Access Evolution

Connectivity Pioneer Onomondo Raises $21M Growth Investment Led by Verdane To Become Leading Global IoT Stack

Jul 5, 2022

Access Evolution

Mobile services market grew in first quarter at fastest pace since 2010: Omdia

Jun 22, 2022

Access Evolution

LoRaWAN Leads Global, At-Scale LPWAN Deployments Across All Metrics

Jun 21, 2022

Access Evolution

4G is the Primary Technology in 60% of Today’s Cellular IoT Module Models

Jun 15, 2022

5G

What’s up with… Qualcomm and Cellwize, BT, Vodafone Business

Jun 13, 2022

This content extract was originally sourced from an external website (PCCW Global) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).