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MTN Uganda has deployed Ericsson Converged Wallet platform to launch mobile financial services to its seven million mobile wallet users in Uganda

Ericsson Converged Wallet is an integrated mobile wallet solution targeted at mobile operators that combines Ericsson’s mobile wallet and charging platforms.

The company said that the deployment of Ericsson Converged Wallet platform will fulfill the requirements needed for mobile wallet transactions imposed by the Bank of Uganda.

Brian Gouldie, CEO of MTN Uganda, said, “Through our work with Ericsson, MTN Uganda offers MTN Mobile Money to bridge the gap between the region’s banked and unbanked populations, providing wide and crucial access to financial services.

“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.”

By making financial transactions mobile, subscribers can accumulate loyalty points toward MTN services, initiate loan requests and receive money from a range of access channels, including feature phones and smart devices, added the company.

Peter Heuman, V-P of Ericsson, added, “MTN Group's deployment of Ericsson Converged Wallet in Uganda follows a long history of our close collaboration in related areas. We are proud of the important work, which we are doing together in the region to bring mobile financial services to millions of people in tight cooperation with MTN.”

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