MTN and Ericsson expand mobile money collaboration in Africa

MTN and Ericsson have inked a five-year contract extension to offer new products and deliver Managed Services for Mobile Money services in 13 countries across Africa and the Middle East. The new agreement comprises introduction of Ericsson Wallet Platform in new markets on top of existing 13 countries.

The introduction of Ericsson’s Wallet Platform will bring mobile financial services to MTN customers.

The strategic collaboration between MTN and Ericsson will roll out Ericsson Wallet Platform across the operator’s footprint. MTN Group has Wallet Platform subscribers in 13 countries in Africa. Ericsson is offering MTN with an m-commerce solution that includes Ericsson Wallet Platform, systems integration, operational support and solution development.

The MTN Group Executive for Mobile Financial Services, Serigne Dioum stated, “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.”

Ericsson Wallet Platform enables users to store, transfer and withdraw money, paying merchants and utility providers as well as using financial services like savings and loans.

On the other hand, Rafiah Ibrahim, Head of Ericsson Middle East & Africa declared, “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.”