MTN Uganda has deployed Ericsson’s wallet platform to enable the introduction of new and differentiated mobile financial services for MTN Uganda mobile wallet users as well as agents.
Ericsson Converged Wallet, which has replaced MTN Uganda’s existing mobile wallet platform, is an integrated solution that combines wallet and charging platforms.
By making financial transactions, subscribers are 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.
It also allows operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution for m-commerce needs.
Brian Gouldie, CEO, MTN Uganda, said that with the rollout of the new 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 and MTN Group have a strategic partnership to launch mobile wallet services across the operator’s footprint, and the Ericsson solution serves as a mobile money hub solution.
The deal represents the first time that a mobile financial services solution is being integrated into a charging system and also being deployed as a hub solution to connect to operations across country borders, claims Ericsson.
In September, MTN partnered with Skrill, a global online payments company, to expand the range of products that its mobile money users can purchase.