MTN Uganda strengthens mobile financial services with Ericsson

Details: James Barton; Category: Mobile Finance; 25 November 2014; 6755 views

MTN Uganda has deployed Ericsson’s Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings.

Ericsson and MTN Group have a strategic partnership to launch mobile wallet services across the operator's footprint, and the Ericsson Converged Wallet serves as a mobile money hub solution, connecting across MTN's operations in several countries.

The deployment also fulfils mobile financial services regulatory requirements imposed by Bank of Uganda. By making financial transactions, subscribers are now able to accumulate loyalty points toward MTN services, initiate loan requests and receive money from a range of access channels, including feature phones and smart devices.

Brian Gouldie, CEO, MTN Uganda, says: "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. With our rollout of Ericsson Converged Wallet platform, we have enhanced the stability and security of our mobile financial services offering, while gaining the ability to deliver better mobile financial services offers and service bundles as part of our pre-paid services."

Ericsson has replaced MTN Uganda's existing mobile wallet platform. The deal represents the first time that a mobile financial services solution is being integrated into a charging system, and also deployed as a hub solution to connect to operations across country borders. This migration was supported by dedicated m-commerce delivery teams at Ericsson's Global Competence Hub and the Global Service Centre in India.

Part of the Ericsson M-Commerce portfolio, Ericsson Converged Wallet is an integrated mobile wallet solution that combines the company's wallet and charging platforms. It allows operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution for m-commerce needs.