Mauritius Telecom has launched the Indian Ocean island nation’s first national mobile payment solution in the capital city of Port Louis. Based on the Tap & Go mobile payment service out of Hong Kong, Mauritius Telecom’s my.t money is a mobile payment solution provided by PCCW Global.
The my.t money mobile payment solution helps 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.
The 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 helped ensure 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 equipment, and the management of native cloud applications to Mauritius Telecom. The IT environment is also specifically compliant with the European Union’s General Data Protection Regulation (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 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, IoT, Big Data Analytics, cloud, and orchestration projects.