Ericsson aids Peru's banks to launch mobile money service

Ericsson has helped to launch a mobile money service in Peru as it looks to provide financial services to the 2.1 million unbanked people in the Latin American country.

The deal with ASBANC, Peru's National Bank Association, sees private banks, the country's major Cajas, or savings banks, and the publically-owned Bank of the Nation join forces to create a company dedicated to rolling out a range of services.

The new company, Pagos Digitales Peruanos, has used Ericsson's Wallet Platform to create a service called Bim that enables subscribers to send, receive and spend money with their mobile devices.

Ericsson and ASBANC first announced plans to launch a service back in August 2014.

Oscar Rivera, President of ASBANC, said: "We see a great potential for this platform to extend and further strengthen the financial system in Peru.

"This is a huge inclusive effort done by the financial industry that now can count on the support from important companies within the private sector."

[M-payments: Last call for operators as window of opportunity closes]

Peter Heuman, Head of M-Commerce, Ericsson said: "Ericsson is committed to advancing a more flexible and transparent global financial ecosystem.

"Our solution empowers banks and financial service providers to quickly launch mobile financial services.

"Our latest work with ASBANC is an example of Ericsson's mobile-first technologies that are helping to create flexibility, interoperability and efficiency needed for countries, telcos and banks.

"These synergies are essential to fully capitalize on today's mobile money opportunities."

Meanwhile, Ericsson has won a deal to supply Idea Cellular with a 4G/LTE network.

The contract with India's third largest mobile services operator also includes the transformation of existing 2G and 3G networks.

The vendor saw revenues in India rise 74 percent in 2015.

More News

Orange, China Telecom join forces in enterprise IoT push Orange, China Telecom join forces in enterprise IoT push Orange Business Services and China Telecom are offering IoT-focused enterprises access to each other’s networks, after signing a new deal. More detail
Orange wins exclusive rights to new Besson film Orange wins exclusive rights to new Besson film Orange has partnered with acclaimed French director Luc Besson on his upcoming film release, in its latest foray into the content space. More detail
BICS boosted by China Unicom roaming deal BICS boosted by China Unicom roaming deal Proximus’s troubled wholesale division has won a major contract to provide China Unicom Global with roaming services. More detail
Wind Tre CEO replaced by former Deutsche Telekom, Swisscom exec Wind Tre CEO replaced by former Deutsche Telekom, Swisscom exec The CEO of Wind Tre has left just six months after the Three-VEON joint venture launched on the Italian market. More detail
TIM to be Europe’s first “official mobile broadcaster” for the Olympic Games TIM to be Europe’s first “official mobile broadcaster” for the Olympic Games TIM has signed a deal with Discovery Communications to offer content from the Olympic Games to subscribers. More detail
    

@eurocomms