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Comviva appoints Srinivas Nidugondi to head Mobile Financial Solutions

New Delhi, 04 May, 2011

Comviva, the global leader in providing mobile solutions beyond VAS, today announced the appointment of Srinivas Nidgondi as Vice President, Mobile Financial Solutions. Srinivas brings extensive experience in mobile banking, having until recently served as Head

of Internet Mobile Platform, New Product Development & Mobile Payments inuitiatives at ICICI Bank. As the head of the Mobile Financial Solutions at Comviva, Srinivas will drive the growth of Comviva’s mobile financial services globally.

Commenting on the appointment, Manoranjan Mohapatra, CEO, Comviva said, “Comviva is an emerging market leader for mobile financial services. Our mobile financial solutions are deployed in over 35 markets globally. We are excited to have Srinivas as part of the team to lead and transform one of our leading business lines. He brings a breadth of experience in mobile banking and payments across various segments, including the underbanked and unbanked. His deep experience within the finance industry, coupled with his expertise in delivering critical solutions to extend financial services to people in rapidly growing markets, will enable Comviva to further build its mobile financial services business worldwide.”

Expressing his enthusiasm at joining Comviva, Srinivas Nidugondi said, “Financial inclusion, especially enabled by the mobile phone and digital channels, has been a key focus for me over the last few years and I am keen to leverage this experience to deliver mobile financial services to a wider customer base across the world. Comviva is a recognized leader in mobile financial services in India and growth markets globally and I am excited to be leading Comviva’s business in this space.”

Srinivas brings to Comviva nearly one and a half decades of experience in the banking, payments, Internet and e-commerce industry and the IT products and services sector. He established and led the business for online banking and mobile payments in a large multinational bank and also headed product management and business development functions in start-ups and IT product companies.

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