MTN and Ericsson have signed a five year contract extension to provide mobile Money services in 13 countries across Africa and the Middle East. This contract includes the deployment of Ericsson Wallet Platform in new markets to deliver next-generation mobile financial services to MTN customers.
Ericsson Wallet Platform is an integrated mobile solution that combines Ericsson Wallet Platform and Ericsson Charging. It also allows mobile operators to reuse existing assets and bundles for the user’s m-commerce needs.
Ericsson is providing MTN a flexible and efficient m-commerce solution that includes Ericsson Wallet Platform, systems integration, operational support and solution development. This platform allows users to store, transfer and withdraw money, pay utility bills and other financial services like their loans and savings.
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The MTN Group’s Executive for Mobile Financial Services, Serigne Dioum said, “A stable, secure and reliable platform is one of the fundamentals to building successful mobile financial services. Through this partnership we look forward to working with Ericsson to further enhance our value proposition and expand our ecosystem.”
“This breakthrough deployment is yet another example of MTN’s ongoing commitment to innovation and customer satisfaction. Ericsson Wallet Platform helps MTN offer the convenience of m-wallet financial services across its entire subscriber base,” said Rafiah Ibrahim, Head of Ericsson Middle East & Africa.
The five-year revenue sharing extended agreement includes a host of digital payment and transactional capabilities in line with MTN’s vision.