MTN Swaziland Deploys Ericsson Converged Wallet for Mobile Money Services

MTN Swaziland Deploys Ericsson Converged Wallet for Mobile Money Services Image Credit: MTN

MTN Swaziland has deployed Ericsson's Converged Wallet to provide a premium mobile money experience for more than 275,000 mobile wallet users and 3,000 agents in Swaziland. Ericsson replaces MTN Swaziland's existing mobile wallet platform, integrating the new solution into the operator's charging system and deploying it as a hub solution that connects to operations across country borders.

The new mobile wallet solution also fulfills mobile financial services regulatory requirements enacted by Bank of Swaziland. In addition, it also enables subscribers to accumulate loyalty points toward MTN services, initiate loan requests and receive money from a range of access channels.   

According to Ericsson, the rollout is part of the ongoing partnership between MTN Group and Ericsson to introduce Ericsson Converged Wallet across MTN Group's African and Middle Eastern footprint. 

Ambrose Dlamini, CEO, MTN Swaziland
Through our work with Ericsson, MTN Swaziland offers MTN Mobile Money to bridge the gap between the region's banked and unbanked populations, providing wide and crucial access to financial services. With our rollout of Ericsson Converged Wallet, we have enhanced the stability and security of our mobile financial services offering, while gaining the ability to deliver better mobile financial services offers and bundles as part of our pre-paid services.

Peter Heuman, VP, Head of M-Commerce, Ericsson
MTN Group's deployment of Ericsson Converged Wallet in Swaziland follows a long history of our close collaboration in related areas. We are proud of the important work we are doing together with MTN across the region to bring mobile financial services to millions of people.

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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