NEW DELHI, Dec. 23, 2025 /PRNewswire/ — Comviva, the global leader in digital transformation solutions, specializing in customer experience management, data monetization, and digital financial services, has been honoured with the IBS Intelligence Global FinTech Innovation Award 2025 for ‘Best In-Class Cross Border Payments.’ The recognition was awarded for its deployment with Global Money Exchange Co. LLC (GMEC), Oman, a leading global money transfer operator.
The award shows how Comviva’s mobiquity Pay is helping to create a new cross-border payment system that goes beyond traditional remittance services. As a white label Wallet Platform and the Global Pay Oman App, it fulfills GMEC’s two goals: to become an innovative payment service provider and to expand its core money transfer business online. The solution lets GMEC offer international money transfers as well as additional services like easy forex ordering. These features come with a full range of common financial services, such as paying bills and utilities, making purchases from merchants, making payments for education, and other digital conveniences, all through a single interface.
In the very competitive cross-border payments market, mobiquity Pay is helping GMEC expand its range of services, make its operations more efficient, and keep more customers. Mobiquity Pay has made cross-border payments more efficient, customer-focused, and scalable by combining different payment use cases into a single digital wallet.
Subromoniyan K.S., Managing Director of Global Money Exchange Co., said, “This award shows how quickly Oman is going digital and how dedicated we are to changing the way cross-border payments work for people and businesses in the Sultanate.” We have gone beyond standard remittance services by working with Comviva and launching the Global Pay Oman Super App. This has helped us build a financial environment that is really open to everyone and ready for the future. This new idea is not only making things easier and more open for our customers, but it is also helping Oman reach its goal of creating a digitally empowered economy.
Rajesh Chandiramani, CEO of Comviva, stated that the award was well-deserved. “Cross-border payments are no longer a niche service; they are a daily need, especially for economies that rely on trade and migration.” This accolade from IBS Intelligence confirms our goal of making payment platforms that are relevant in every country, work well, and give users a great experience. The implementation with Global Money Exchange Co. shows how mobiquity Pay lets banks and other financial institutions offer more than just remittances and provide a wide range of digital services.
Nikhil Gokhale, Director of Research and Digital Properties at IBS Intelligence, said, “The deployment of mobiquity® Pay for GMEC shows how scalable, API-driven digital wallet platforms can make cross-border payments easier and more valuable.” This is because Comviva is a key player in the development of new ways to send money around the world. Comviva has changed the way customers interact with their businesses and how quickly they can respond to changes by combining remittances, bill payments, FX services, and AI-powered engagement into a single Super App. This Best-in-Class cross-border payments win shows how good Comviva is at helping banks compete and develop in a world where everything is coming together digitally.
The IBS Intelligence Global FinTech Innovation Awards honor technology-based projects that show outstanding program vision, execution excellence, client impact, and long-term value development. A strict global evaluation procedure involving banks, financial institutions, and technology companies chooses the winners.
