MTN Rwanda to use Ericsson’s m-commerce wallet service

Money Transfer

Offering expected to see mobile operator offer additional financial services to the unbanked.

MTN Rwanda plans to deploy communications technology and services provider Ericsson's converged wallet m-commerce solution for customers in that country.

The partnership is planned to see MTN Rwanda make use of Ericsson's mobile financial services to assist phone owners that do not have traditional banking services.

According to a press release, Ericsson's m-commerce solution includes the converged wallet, systems integration and operational support.

The solution is further expected to enable MTN Rwanda to introduce differentiated mobile wallet end-user services to its mobile money customers.

"Ericsson Converged Wallet helps MTN Rwanda offer the convenience of m-wallet financial services across its entire subscriber base," said Bjorn Engstrom, head of m-commerce, Ericsson.

Chief executive officer of MTN Rwanda, Ebenezer Asante, added, “With the new Ericsson Converged Wallet platform, we are looking forward to bringing more innovation into the Rwandan market. We want to continue leading the market in terms of breadth and quality of services. We expect to see a positive impact for both our partner agents and our customers.”

It was also announced that Ericsson has a strategic partnership with the Johannesburg Stock Exchange (JSE) listed MTN group to introduce the converged wallet across the operator’s footprint.

The MTN group has more than thirteen million mobile money subscribers throughout 14 African countries.

"Optimising the mobile money experience directly impacts consumer stickiness and with Ericsson Converged Wallet, we can now respond rapidly to requirements from consumers and merchants and provide reliable services. Paying your bill or sending money to family and friends has never been easier" said Pieter Verkade, MTN group chief commercial officer.