Ericsson announced that it has committed to developing Ericsson Emergency Wallet, a mobile financial services solution for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations. The Ericsson Emergency Wallet solution will be designed for use in emergency situations where financial infrastructure is lacking.
It will enable the distribution and use of digital funds by relief workers and impacted populations, which can help address issues such as safety, expense and traceability that are associated with handling cash, said Ericsson. It builds on Ericsson’s Technology for Good initiatives and the company’s experience in developing scalable mobile financial service solutions.
According to Ericsson, the emergency wallet is an important part of a broader public-private commitment to the Level One Project - an effort to bring everyone into the formal economy by providing digital financial services to all.