Mobile network operator MTN Uganda has deployed Ericsson’s converged wallet platform in a new partnership that will see the operator launch mobile wallet services across its footprint in the country.
The Converged Wallet by Ericsson is set to replace MTN’s existing mobile wallet platform and serve as a mobile money hub solution, connecting across MTN’s operations across borders and will allow for the launch of new services across regions.
Ericsson converged wallet is an integrated mobile wallet solution combining the company’s wallet and charging platforms.
Also through this deployment, subscribers of MTN in Uganda will be able to accumulate loyalty points towards MTN services by making financial transactions, initiate loan requests and receive money from a range of access channels.
“Through our work with Ericsson, MTN Uganda offers MTN mobile Money to bridge the gap between the region’s banked and unbanked populations, providing wide and crucial access to financial services,” said Brian Gouldie, CEO, MTN Uganda.
The roll out by MTN is aimed at enhancing stability and security of its mobile financial services offering while gaining ability to deliver better mobile money offers as part of its prepaid services to its subscribers.
As a hub solution, the Converged Wallet will be used in the reusability of products and services across regions with Ericsson providing a prime integrator model that encompasses hardware, software, systems integration and migration services.
This means that MTN will be able to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution to serve all m-commerce needs.
Ericsson, through the partnership will help network operator MTN towards achieving success in the mobile payments market by accelerating the interconnections between m-commerce ecosystems and the financial world.
MTN Uganda plans to provide the financial services offering to its seven million mobile money customers and 50,000 agents across the country.