Ericsson chosen for money platform in Peru

Ericsson chosen for money platform in Peru

19 AUG 2014

Asbanc, Peru’s national bank association, has chosen Ericsson to design and build what is claimed will be the country’s largest private initiative aimed at financial inclusion.

The aim is to deliver the underlying infrastructure over which financial services can be pitched to the country’s mobile users, most of whom do not have access to traditional bank accounts.

The platform will have a staged rollout but Asbanc wants to see services generally available in Peru during 2015.

Ericsson’s platform is intended to host services from different financial institutions and other companies in order to enable interoperability between rivals.

Asbanc wants the Ericsson platform to host services for 2.1 million unbanked Peruvians within five years.


Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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