Ericsson Emergency Wallet to Help Humanitarian Aid

Ericsson Emergency Wallet to Help Humanitarian Aid Image Credit: Ericsson

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.

Peter Heuman, Head of  M-Commerce at Ericsson
Ericsson Emergency Wallet builds on our expertise in deploying mobile financial services in emerging markets.  The solution enables a method of money transfer that is mobile which allows for a quicker, safer and more cost-effective way for the humanitarian organizations to distribute digital aid in disaster areas.

David Miliband, President and CEO, International Rescue Committee (IRC)
Digital payment mechanisms are essential to delivering effective cash transfers to address the large scale humanitarian needs caused by today’s crises. However, only 30% of countries facing severe humanitarian emergencies have digital payments infrastructure to support scaled-up response. 

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

Dtac to Support Thailand's Roadmap Toward Building a Digital Economy

NEXT POST

Telco Systems’ CloudMetro vCPE Platform Supports Multi-VNF Service Chaining

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK