Ericsson said telecom service provider MTN Uganda has deployed the Ericsson Converged Wallet platform to offer mobile financial services to 7 million MTN Uganda mobile wallet users and 50,000 agents.
MTN used the Ericsson Converged Wallet solution – by replacing the current system — to launch MTN Mobile Money services across regions and take advantage of cross-promotion capabilities.
The deployment also addresses mobile financial services regulatory requirements imposed by Bank of Uganda.
Brian Gouldie, CEO of MTN Uganda, said: “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.”
The mobile money 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.
As a hub solution, the reusability of products and services across regions improves time-to-market and operational efficiencies.
