Info Image

Rwandan Government Selects Ericsson M-Commerce Interconnect Solution

Rwandan Government Selects Ericsson M-Commerce Interconnect Solution Image Credit: Ericsson

Goverment of Rwanda has selected Ericsson to launch national interoperability switch based on the Ericsson M-Commerce Interconnect solution. The solution will enable financial and payments services providers in the country to connect to one common platform for seamless and real-time payment transactions. 

This agreement supports the Government of Rwanda's objective to create a digital economy and drive greater financial and social inclusion for its society and citizens, sadi Ericsson. Ericsson's Rwanda Interconnect Switch (RIS) will connect financial and payment services providers within the country and enable end-users to enjoy, in real time, a range of digital payments possibilities across all financial platforms and service providers. Further, the inclusion of informal sectors such as savings cooperatives and micro finance players in the ecosystem allow previously excluded citizens to participate in mainstream financial services, thereby increasing financial inclusion. 

Peter Heuman, VP and Head of M-Commerce for Ericsson
Africa has been a main driver for innovative mobile financial services. Ericsson M-Commerce Interconnect advances existing efforts by seamlessly linking banks, mobile operators, money transfer organizations, and payment and financial services providers - making the promise of true financial inclusion achievable. 

Fredrik Jejdling, Head of Region, Sub-Saharan Africa, Ericsson
More inclusive mobile financial services solutions could directly impact the UN sustainable development goals by increasing economic growth and reducing inequality within and among countries.

Author

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

PREVIOUS POST

Bharti Airtel Divests Telecoms Towers in DRC to Helios

NEXT POST

Vodafone India to Expand 4G LTE Across 1,000 Towns