MTN Uganda strengthens mobile financial services with Ericsson
(Thomson Reuters ONE) -
* MTN Uganda deploys Ericsson Converged Wallet solution to support more than
seven million current mobile wallet users and 50,000 agents
* Ericsson Converged Wallet solution streamlines MTN's ability to quickly
introduce relevant, new and differentiated mobile financial services
offerings
* Rollout is part of MTN Group and Ericsson's strategic partnership to
introduce Ericsson Converged Wallet across the operator's vast African and
Middle Eastern footprint
Ericsson (NASDAQ:ERIC) today announced that MTN Uganda has deployed the Ericsson
Converged Wallet platform, enabling the operator to quickly introduce relevant,
new and differentiated mobile financial services offerings for seven million MTN
Uganda mobile wallet users and 50,000 agents.
MTN Uganda is part of MTN Group, a multinational telecommunications group,
connecting approximately 219 million people in 22 countries across Africa and
the Middle East.
Ericsson and MTN Group have a strategic partnership to ultimately launch mobile
wallet services across the operator's footprint, and the Ericsson Converged
Wallet serves as a mobile money hub solution, connecting across MTN's vast
operations in several countries.
MTN uses the solution to quickly launch new services across regions and take
advantage of cross-promotion capabilities.
The deployment also fulfills mobile financial services regulatory requirements
imposed by Bank of Uganda. By making financial transactions, subscribers are now
able to accumulate loyalty points toward MTN services, initiate loan requests
and receive money from a range of access channels, including feature phones and
smart devices.
Brian Gouldie, CEO, MTN Uganda, says: "Through our work with Ericsson, MTN
Uganda offers MTN Mobile Money to bridge the gap between the region's banked and
unbanked populations, providing wide and crucial access to financial services.
With our rollout of Ericsson Converged Wallet platform, we have enhanced the
stability and security of our mobile financial services offering, while gaining
the ability to deliver better mobile financial services offers and service
bundles as part of our pre-paid services."
Ericsson has replaced MTN Uganda's existing mobile wallet platform. The deal
represents the first time that a mobile financial services solution is being
integrated into a charging system, and also deployed as a hub solution to
connect to operations across country borders. This migration was supported by
dedicated m-commerce delivery teams at Ericsson's Global Competence Hub - a
virtual organization that unites Ericsson experts around the globe - and the
Global Service Center in India.
As a hub solution, the reusability of products and services across regions
improves time-to-market and operational efficiencies. Ericsson provides a prime
integrator engagement model that encompasses hardware, software, systems
integration and migration services that are supported by a managed operations
model.
"MTN Group's deployment of Ericsson Converged Wallet in Uganda follows a long
history of our close collaboration in related areas," says Peter Heuman, VP,
Head of M-Commerce, Ericsson. "We are proud of the important work we are doing
together in the region to bring mobile financial services to millions of people
in tight co-operation with MTN."
Part of the Ericsson M-Commerce portfolio, Ericsson Converged Wallet is an
integrated mobile wallet solution that combines the company's wallet and
charging platforms.
It allows operators to reuse existing assets and bundle telecom offerings with
financial services to create a complete end user solution for m-commerce needs.
Ericsson's m-commerce solutions help operators succeed in the mobile payments
market by accelerating the interconnection between the m-commerce ecosystem and
the financial world.
NOTES TO EDITORS
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MTN Uganda strengthens mobile financial services with Ericsson:
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Datum: 20.11.2014 - 10:00 Uhr
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News-ID 354202
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