South Africa’s MTN Group has teamed up with telecoms vendor Ericsson to launch m-wallet services in Africa and the Middle East.
MTN will become the first operator to deploy Ericsson Converged Wallet platform, a new complementary service to the integrated pre-paid charging system and mobile financial services solution for MTN consumers in the MEA region.
The new solution delivers a fast track route for MTN to introduce new m-wallet services to its mobile money customers.
As part of the agreement, Ericsson will offer software, systems integration and managed operation services to MTN.
Christian de Faria, group chief commercial officer, MTN, said: “Optimising the mobile money consumer experience directly impacts consumer stickiness, and with Ericsson Converged Wallet we can now address our strategic priorities by enabling rapid response to our consumer's preferences and expectations.”
Hans Vestberg, CEO, Ericsson, said that 2012 would be “the year of partnerships across the emerging m-commerce eco-system”.
“MTN has long been an early adopter in mobile money, and this new partnership builds on our ongoing relationship of collaboration,” he said. “Driving accelerated time to market for operators and linking wallet accounts to purchases across multiple payment systems is a clear next step in next generation mobile financial services.”
MTN has more than 5 million mobile money subscribers in 12 countries.
Ericsson Converged Wallet solution is designed for high volume and secured transactions. It also delivers operational efficiencies by providing a single configuration tool and rating engine for all packages, prices, promotions, policies and notifications.
MTN will initially deploy the Ericsson Converged Wallet as a pilot in selected MTN operations during 2012, with a view to roll out the solution across all its operations in Africa and the Middle East.