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MTN Group signs a 5-year deal with Ericsson for new mobile money services in Africa and the Middle East

Friday, 01 March 2019 19:00
MTN Group signs a 5-year deal with Ericsson for new mobile money services in Africa and the Middle East

(Ecofin Agency) - MTN group signed a 5-year agreement with Ericsson for the deployment of new products and Mobile Money services in 13 African and Middle Eastern countries via the Ericsson Wallet platform. 

According to Ericsson, this platform lets mobile telephony operators reuse their existing assets and merge their telecom offers and financial services for a complete solution that meets end-clients’ mobile business needs.

MTN Group indicates that Ericsson Wallet will help clients keep, transfer and withdraw their funds, pay for public and private services as well as use financial services like savings or credit.

Serigne Dioum, MTN Group’s executive for financial services, commented that, “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.”





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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