Ericsson and Grundfos enable simplified access to drinking water through mobile wallets
(Thomson Reuters ONE) -
* Mobile technology connective with innovative water ATMs enable access to
sustainable water supply
* The agreement presents break-through solution that can benefit water service
providers and consumers worldwide
Ericsson (NASDAQ:ERIC) announced today that it has joined forces with
Scandinavian company, Grundfos, to offer an integrated solution that improves
access and payments for drinking water. The collaboration ensures easy
connection of mobile wallet providers and water service providers, to simplify
access for the end consumer. It involves the Ericsson M-Commerce Interconnect
that provides a global payments hub for mobile payment services, and the
Grundfos AQtap, a water ATM that dispenses water and supports sustainable water
management. The solution is expected to drive more efficient revenue collection
with reduced cash management risks and overhead costs, and is deployed this week
in Kenya powering selected water kiosks operated in Makueni county implemented
by World Vision UK and World Vision Kenya, in partnership.
Peter Todbjerg Hansen, Managing Director of Grundfos Lifelink says: "This is a
perfect example of two global corporations integrating their technologies to
offer a complete water ATM solution previously unknown to the world. It is now
possible to pay for water with mobile money, and water revenue collection is
safe and automated."
Not least the revenue collection plays an important part in securing reliable
access to drinking water, as water supply points have been known to fail due to
lack of funds, and capacity for operations and maintenance. Furthermore
transparency and control of water price are critical to sustainable and pro-poor
water supply services.
Grundfos addresses this with automated and connected water kiosks, also known as
water ATMs, that offer an integrated solution for dispensing and remotely
managing water supply points in both rural and urban areas. The Ericsson M-
Commerce Interconnect enables mobile wallet service providers globally to add
the connected water kiosks as a new consumer utility service in their payments
acceptance portfolio thereby helping to drive cashless transactions and usage of
the mobile wallet
Peter Heuman, Head of M-Commerce at Ericsson says: "The work that Ericsson is
doing with Grundfos is crucial to reducing the cost and deployment times of
these innovative ATMs that will deliver a more reliable water supply. It
simplifies the payment process by taking cash out of the equation and our
solution removes the need for water service providers to integrate with every
mobile wallet provider used by people in the country. With Ericsson M-Commerce
Interconnect, any mobile wallet service from any service provider in any region
can be used to provide payment. Enabling access to water will support social and
financial inclusion, and enable the sustainable development of local
communities, potentially impacting millions of people. This is what we mean by
Technology for Good."
The scope of the collaboration is global, and is especially relevant in
developing countries, where water service providers constantly strive to improve
the efficiency and financial viability of water projects for better access to
financing of water infrastructure maintenance and expansion.
"With the AQtap water ATM and its revenue collection platform powered by mobile
payment, our innovation can play a part in removing some of the key pain points
around how water is paid for and revenue streams secured. This enables us to
support water service providers in supplying citizens with sustainable access to
water," concludes Peter Todbjerg Hansen.
NOTES TO EDITORS
For media kits, backgrounders and high-resolution photos, please visit
www.ericsson.com/press
Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and society to
fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With approximately 115,000 professionals and customers in 180 countries, we
combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments in
research and development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
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Ericsson / Grundfos simplify access to drinking water:
http://hugin.info/1061/R/2043399/762873.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.09.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 496080
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