Millions of users with Ericsson-powered mobile wallets will be able to send and receive money via a global network of remittance providers, cash agents and banks hubbed by Belgian firm HomeSend.
Financial service providers using Ericsson’s wallet can link to the hub operated by HomeSend, the joint venture between MasterCard, eServGlobal and BICS, following a partnership between the firms.
The Ericsson Wallet Platform is now certified by HomeSend.
The Swedish vendor’s portfolio of mobile financial services products includes Ericsson Interconnect, its cloud-based financial transactions switching and mediation service. The latter aims to extend the reach of financial service providers using any wallet or mobile banking platform, and not just Ericsson’s own.
Talking about the partnership, Peter Heuman, head of mobile financial services with Ericsson, said: “Integration with the HomeSend Hub connects Ericsson mobile wallet powered financial service providers, and potentially other financial service providers, to a global network of financial institutions and money transfer operators (MTOs).”