Ericsson & MTN collaborate on M-wallet services

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Ericsson and MTN Group are establishing a strategic partnership to launch m-wallet services in Africa and the Middle East. The partnership between Ericsson and MTN supports the operators' strategy to secure a flexible, reliable and efficient solution in the area of mobile financial services. As part of the co-operation, Ericsson will offer a prime integrator engagement model encompassing software, systems integration and managed operation services.

Hans Vestberg, President and Chief Executive Officer, Ericsson, said, "2012 will be the year of partnerships across the emerging m-commerce eco-system. MTN has long been a nearly adopter in mobile money, and this new partnership builds on our ongoing relationship of collaboration. Driving accelerated time to market for operators and linking wallet accounts to purchases across multiple payment systems is a clear next step in next generation mobile financial services."

Christian de Faria, Chief Commercial Officer, MTN Group, said, "Optimizing the Mobile Money consumer experience directly impacts consumer stickiness, and with Ericsson Converged Wallet we can now address our strategic priorities by enabling rapid response to our consumer's preferences and expectations."

Furthermore, MTN will initially deploy the Ericsson Converged Wallet as a pilot in selected MTN operations during 2012, with a view to roll out the solution across all its operations in Africa and the Middle East.


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