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.
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.
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