MTN, Ericsson extend mobile money deal
MTN and Ericsson have signed a five-year contract extension to deploy new products and provide managed services for mobile money services in 13 countries across Africa and the Middle East.
The new contract includes deployment of the Ericsson Wallet Platform in new markets on top of 13 existing countries.
The deployment of Ericsson's Wallet Platform brings mobile financial services to MTN customers, the companies say.
The strategic partnership between MTN and Ericsson will ultimately introduce the Ericsson Wallet Platform across the operator's footprint, they add.
MTN Group has Wallet Platform subscribers in 13 countries in Africa. Ericsson is providing MTN an m-commerce solution that includes the Ericsson Wallet Platform, systems integration, operational support and solution development.
MTN group executive for mobile financial services Serigne Dioum says: "A stable, secure and reliable platform is one of the fundamentals to building successful mobile financial services. Through this partnership, we look forward to working with Ericsson to further enhance our value proposition and expand our ecosystem."
The five-year revenue-sharing extended agreement includes several digital payment and transactional capabilities in line with MTN's vision.
The Ericsson Wallet Platform allows users to store, transfer and withdraw money, pay merchants and utility providers, as well as use financial services like savings and loans.
Rafiah Ibrahim, head of Ericsson Middle East and Africa, says: "This breakthrough deployment is yet another example of MTN's ongoing commitment to innovation and customer satisfaction. Ericsson Wallet Platform helps MTN offer the convenience of m-wallet financial services across its entire subscriber base."
Part of the Ericsson business support systems portfolio, the Ericsson Wallet Platform is an integrated mobile wallet solution that combines the Ericsson Wallet Platform and Ericsson Charging. It also allows mobile operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end-user solution for m-commerce needs.