MTN, Ericsson Ink 5-year Mobile Money Deal Extension in MEA

3 months ago
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MTN, Ericsson Ink 5-year Mobile Money Deal Extension in MEA Image Credit: Ericsson

Ericsson and MTN have signed a five-year mobile money contract extension covering 13 countries in the Middle East and Africa.

The deal will see the deployment of new products and provide managed services for mobile money services. It includes Ericsson Wallet Platform, which will bring easy-to-use, next-generation mobile financial services to MTN customers.

Ericsson Wallet Platform allows users to store, transfer and withdraw money; pay merchants and utility providers; and use financial services such as savings and loans.

Part of the Ericsson Digital BSS portfolio, Ericsson Wallet Platform is an integrated mobile wallet solution that combines Ericsson Wallet Platform and Ericsson Charging.

It also allows mobile operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution for m-commerce needs.

Serigne Dioum, MTN Group Executive for Mobile Financial Services
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.

Rafiah Ibrahim, Head of Ericsson Middle East and Africa
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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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