MTN and Ericsson have signed a five-year contract extension to deploy new products and provide Managed Services for Mobile Money services in 13 countries across Africa and the Middle East.
The new contract includes deployment of Ericsson Wallet Platform in new markets on top of existing 13 countries. The deployment of Ericsson’s Wallet Platform brings easy-to-use, next-generation mobile financial services to MTN customers.
The strategic partnership between MTN and Ericsson will ultimately introduce
Ericsson is providing MTN a flexible, reliable and efficient m-commerce solution that includes Ericsson Wallet Platform, systems integration, operational support and solution development.
“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,” MTN Group Executive for Mobile Financial Services, Serigne Dioum
The five-year revenue sharing extended agreement includes a host of digital payment and transactional capabilities in line with MTN’s vision.
Ericsson Wallet Platform allows users to store, transfer and withdraw money, paying merchants and utility providers as well as using financial services.