Ericsson Partners Mastercard-backed HomeSend for International Mobile Money Transfer

Ericsson Partners Mastercard-backed HomeSend for International Mobile Money Transfer Image Credit: Ericsson

Ericsson has partnered with HomeSend, an international transfer hub created by MasterCard, eServGlobal and BICS, to simplify and accelerate the adoption of international remittances via mobile across emerging markets. With the agreement, Ericsson Wallet Platform is now certified by HomeSend.

The partnership bridges the gap between finance and telecommunication service providers, enabling mobile wallet users to send and receive money from their family abroad through their mobile phones and enables financial institutions to offer their customers the convenience of digital money transfers  – regardless of their location or that of the recipient.

With access to HomeSend’s growing network of money transfer operators (MTOs), cash agents and banks in over 200 countries, millions of Ericsson-powered mobile wallet users globally is expected to benefit from easier and faster international payment services.

Ericsson’s Mobile Financial Services solutions now also include Ericsson Interconnect, the company’s cloud-based financial transactions switching and mediation service, which aims to extend reach to Financial Services providers using any wallet or mobile banking platform.

Stephen Doyle, CEO, HomeSend
The partnership represents HomeSend’s continuing commitment to displace cash and facilitate electronic payments, advancing financial inclusion in the new global economy. Millions of new unbanked consumers will gain improved access to digital inflows from friends and relatives, as we continue to advance toward a fully open ecosystem for global mobile money remittances.

Peter Heuman, Head of Mobile Financial Services, Ericsson
By enabling fast, secure integrations to HomeSend’s remittance hub, we are providing growth opportunities for our customers. Integration with the HomeSend Hub connects Ericsson mobile wallet powered financial service providers, and potentially other financial service providers, to a global network of financial institutions and MTOs.

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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