Ericsson's Converged Wallet Adds Value To MTN Mobile Money Service
MTN Rwanda has integrated its MTN Mobile Money platform with Ericsson's proprietary mobile commerce (m-commerce) solution. The Ericsson Converged Wallet m-commerce solution combines the vendor's wallet and charging platforms to enable operators reuse existing assets and bundle telecoms offerings with financial services. BMI expects this to be a key differentiator for MTN's m-commerce services in Rwanda and other markets where the solution is implemented.
In February 2012, MTN and Ericsson signed an agreement to deploy the Ericsson Converged Wallet across the operator's footprint in Middle East and Africa. As part of the agreement, Ericsson will offer integrator engagement software, systems integration and managed operation services for the m-commerce solution. The expected outcome of the solution is an improved end-user experience, efficient deployment and operation of m-commerce services by operators, and accelerated interconnection between the m-commerce ecosystem and the financial world.
BMI expects the Converged Wallet solution to improve the competitiveness of MTN's m-commerce offering in Rwanda, where it competes with other solutions provided by rival operators Tigo and Airtel. Ericsson claims its Converged Wallet will enable MTN to add new services quickly, including payment partnerships with merchants such as airlines, retailers, utility firms and petrol stations. This solution is in line with BMI's view that m-commerce platforms need to evolve from basic person-to-person (P2P) transfers and remittances to enabling person-to-business (P2B) transactions and integration with the financial services sector.
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