Ericsson & MTN collaborate on M-wallet services
(Thomson Reuters ONE) -
* Â Â Â Â Â Â Â Â Â Â Â Strategic m-commerce partnership announced at Mobile World
Congress 2012 in Barcelona, Spain
* Â Â Â Â Â Â Â Â Â Â Â The agreement sees early adopter MTN become the first operator
to deploy Ericsson Converged Wallet across its operations in Africa and the
Middle East
* Partnership based on co-development and co-operation drives innovation and
change in mobile financial services
Ericsson (NASDAQ:ERIC) and MTN Group are establishing a strategic partnership to
launch m-wallet services in Africa and the Middle East. MTN will become the
first operator to deploy Ericsson Converged Wallet platform, a new complementary
service to the integrated pre-paid charging system and mobile financial services
solution for MTN consumers in those regions.
The new solution delivers a fast track route for MTN to quickly introduce
relevant, new and differentiated m-wallet market offerings to its Mobile Money
customers to create an optimized user experience.
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.
Christian de Faria, MTN Group Chief Commercial Officer, 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."
MTN has more than 5 million Mobile Money subscribers in 12 countries.
President and Chief Executive Officer of Ericsson, Hans Vestberg, said: "2012
will be the year of partnerships across the emerging m-commerce eco-system. MTN
has long been an early adopter in mobile money, and this new partnership builds
on our ongoing relationship of collaboration. Â 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."
The development of the Ericsson Converged Wallet follows a period of close co-
operation between Ericsson and MTN Group, highlighting MTN's ongoing commitment
to innovation - it was one of the first operators to deploy Ericsson's pre-paid
solution back in 1998. Ericsson is the first technology enabler to integrate a
charging system and mobile financial services solution.
Ericsson Converged Wallet solution is built for high volume and secured
transactions. It also delivers operational efficiencies by providing a single
configuration tool and rating engine for all packages, prices, promotions,
policies and notifications.
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.
NOTES TO EDITORS
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Ericsson is the world's leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely, in
sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
more than 40 percent of the world's mobile traffic goes through Ericsson
networks and we support customers' networks servicing more than 2 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company had
revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:media.relations(at)ericsson.com
Ericsson Investor Relations
Telefon: +46 10Â 719 00 00
E-post:investor.relations(at)ericsson.com
ABOUT MTN GROUP
Launched in 1994, the MTN Group is a multinational telecommunications group,
operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is
listed on the JSE Securities Exchange in South Africa under the share code:
"MTN." As of 30 September 2011, MTN recorded over 158 million subscribers
 across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire,
Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic
of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria,
Uganda, Yemen and Zambia. Visit us at www.mtn.com and www.mtnfootball.com
FOR FURTHER INFORMATION, PLEASE CONTACT
Silvanus Mabaso, MTN Group Corporate Affairs
Mobile: 083Â 222 7613
E-mail:silvan_s(at)mtn.co.za
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Source: Ericsson via Thomson Reuters ONE
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Datum: 27.02.2012 - 08:50 Uhr
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News-ID 118625
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