PCCW and Mauritius Telecom launch island's first mobile payment solution | Mobile | News | Rapid TV News
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Mauritius Telecom and PCCW Global have joined forces to launch my.t money, Mauritius's first national mobile payment solution.

mautitius telecom 26Aug2019Based on Hong Kong's Tap & Go mobile payment service, my.t money facilitates both payment and non-payment transactions through a mobile application platform.

The service also 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 service upon which my.t money is based was first launched in Hong Kong in 2015 by HKT Payment, an affiliate of PCCW Global.

The solution is cloud-based with local hosting for sensitive customer data, while mobile apps and the payment engine can be localised 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.

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 my.t money service is also connected to PCCW Global's 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.

“In terms of vision and ambition, Mauritius Telecom is not just launching another service,” explained Sherry Singh, CEO of Mauritius Telecom. “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.”

Marc Halbfinger, CEO of PCCW Global, added: “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.”