Ericsson has announced that MTN Group’s Ugandan business is the latest to deploy its Converged Wallet platform. 

Ericsson and MTN Group have a strategic partnership to launch mobile wallet services across the operator's footprint.

The roll out began in Rwanda and has since expanded to four additional opcos in the MTN Group. Uganda is the largest in terms of users.

According to its most recent figures, MTN Uganda saw the number of MTN Mobile Money registered users increase 21 percent to 6.2 million in the six months to June 2014.

These customers generate more than 28.5 million transactions per month and have contributed to a 39.4 percent increase in mobile money related revenue. MTN did not reveal what this figure was.

The Ericsson platform means basic mobile money services can be scaled, managed more effectively from a central hub and expanded to introduce new services.

For example, the vendor said subscribers can now accumulate loyalty points toward MTN services, initiate loan requests and receive money from a range of access channels, including feature phones and smart devices, by making financial transactions.

MTN Uganda CEO Brian Gouldie said the solution bridges the gap between the region's banked and unbanked populations.

Ericsson would not disclose how many operators have signed up for the platform.

Last week, it announced job cuts were on the way as part of its ongoing transformation into a full-fledged ICT company.

Speaking to European Communications earlier this month, Rima Qureshi, CSO and head of M&A at Ericsson, said the Sweden-based company was looking beyond operators to address new customers in the TV and media, M2M and enterprise areas.

Have you taken Mobile Europe's 2014/15 survey? Click here to take part

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms