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.