VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   My Mobile Payments Ltd (MMPL) has announced the launch of ‘Money-on-Mobile’ (MOM), an M-Wallet service which permits a mobile phone subscriber to purchase a wide range of goods and services using the mobile phone for the Indian market. Shashank Joshi, MD, Money-on-Mobile said, "We are happy to launch our services in one of the fastest growing mobile markets. In a country like India where mobile phones are more widespread than the financial systems, mobile payment is the next big alternative payment method. MOM does all paperless transactions and it is in line with RBI’s vision of making 70% of the financial transactions paperless by end of 2012. MOM is committed to ensuring consumers the ability to make safe, convenient and flexible payments thus empowering them to - 'Stop at nothing. Pay for anything'." For More Details See www.varindia.com

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 Far...