MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce mobile financial services offerings to seven million MTN Uganda mobile wallet users and 50,000 agents.
MTN Uganda is part of MTN Group, a multinational telecommunications group, connecting approximately 219 million people in 22 countries across Africa and the Middle East.
According to a press release, Ericsson and MTN Group ultimately plan to launch mobile wallet services across the operator’s footprint, and the Ericsson Converged Wallet serves as a mobile money hub solution, connecting across MTN’s vast operations in several countries.
MTN uses the solution to quickly launch new services across regions and take advantage of cross-promotion capabilities.
The deployment also fulfils the mobile financial services regulatory requirements imposed by Bank of Uganda. By making financial transactions, subscribers are now 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.
“Through our work with Ericsson, MTN Uganda offers MTN Mobile Money to bridge the gap between the region’s banked and unbanked populations, providing wide and crucial access to financial services,” said MTN Uganda CEO Brian Gouldie. “With our rollout of Ericsson Converged Wallet 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 has replaced MTN Uganda’s existing mobile wallet platform. The deal represents the first time that a mobile financial services solution is being integrated into a charging system, and also deployed as a hub solution to connect to operations across country borders. This migration was supported by dedicated m-commerce delivery teams at Ericsson’s Global Competence Hub – a virtual organization that unites Ericsson experts around the globe – and the Global Service Center in India.
The Ericsson Converged Wallet is an integrated mobile wallet solution that combines the company’s wallet and charging platforms, allowing operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution for m-commerce needs.
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