MTN and Ericsson partner for m-wallet service

Ericsson and MTN Group announced the establishment of a strategic partnership 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 prepaid charging system and mobile financial services solution for MTN consumers in those regions. 

The partnership between Ericsson and MTN supports the operator’s strategy to secure a flexible, reliable and efficient solution in the area of mobile financial services. As part of the co-operation, Ericsson will offer a prime integrator engagement model encompassing software, systems integration and managed operation services.

MTN has more than five million Mobile Money subscribers in 12 countries.

Ericsson Converged Wallet solution is built 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.