MVola to redefine how people access and manage finance services
Eve Goode
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MVola, a Madagascan pioneering mobile money service and digital bank, has revealed that it is redefining how people access and manage financial services.
MVola
As MVola scaled operations and transitioned from a telecom-run service into a standalone digital bank, the company faced the critical challenge of building a modern, resilient and scalable digital infrastructure.
In response, MVola turned to WSO2 to provide a cloud-native integration and API management platform that could support its rapid growth and need for operational independence.
“Reliability and flexibility”
Lakruwan Senevirathne, Chief Information Officer, MVola commented: “We needed a platform that could deliver both reliability and flexibility at scale, WSO2 gave us exactly that.”
iTelaSoft
The company highlights that iTelaSoft works alongside its internal teams, where it implemented a comprehensive WSO2 API Management solution at MVola.
Shiraz Thajudeen, Head of EMEA, iTelaSoft said: “We implemented the solution for MVola, thereby centralizing API management, improving scalability and supporting 100 million transactions monthly.
“This reduced operational risks, enhanced performance and positioned MVola for future growth with real-time insights.”
Implementing WSO2
The company states that with WSO2, MVola now manages over 20 APIs that handle more than one billion transactions each year.
This includes over 300 million high-volume, customer-to-merchant transactions powered through a stable integration with Amdocs DFS.
The company also announced that it has launched a secure, branded developer portal using WSO2, enabling external partners to easily integrate MVola’s payment services into their own apps and websites.
“WSO2 helped us expand beyond internal capabilities and open our ecosystem to trusted third parties—critical to our mission of driving digital inclusion,” Senevirathne added.
According to the company, WSO2’s platform ensures consistent service delivery across channels, from the USSD interface to the Super App, allowing MVola to meet customers where they are, regardless of device or connectivity.
“A future-proof digital banking platform”
Senevirathne concluded: “WSO2 has been instrumental in helping us build a future-proof digital banking platform.
“Their technology supports our goal of delivering accessible financial services to every Malagasy citizen, and positions us to keep innovating as demand grows.”
