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.