Ericsson, last week announced that Tigo Senegal has launched Tigo Cash service based on the Ericsson Wallet Platform. Tigo cash brings mobile financial services - payment, storage, transfer and withdrawal of money- using a mobile device to Tigo Senegal’s subscribers throughout West Africa, including those who do not have access to traditional banking services.
As part of the delivery, Ericsson also provided professional services such as business planning, compliance, integration and process consulting. According to Ericsson, its Wallet Platform solution is part of Ericsson M-Commerce portfolio that is built on a highly secure, real-time platform with open APIs, integrated security and functionality to meet local compliance rules and regulations. The solution is offered to mobile service providers as well as financial institutions.
Diego Camberos, Managing Director of Millicom (Tigo) in Senegal
Mobile financial services are highly important to our subscribers and to drive continued success, it was important for us to speed up an easy to use, secure and reliable offering to market. Ericsson has been an important partner for us in launching Tigo Cash to our entire subscriber base, ensuring that we’re able to scale to meet the high demand we anticipate as sign-ups continue to increase.
Peter Heuman, VP, Head of M-Commerce, Ericsson
Ericsson is helping Tigo and its partners make mobile money for the unbanked and underserved a reality in West Africa. Beyond this important deployment, we continue to work with operators and financial institutions globally to support the fast rollout of mobile financial services that transform how local businesses interact with customers, and provide a safer way to store, send and receive money.