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MTN will become the first operator to use Ericsson Converged Wallet when it deploys the service across its operations in Africa and the Middle East

According to Reuters, the strategic m-commerce partnership was announced at Mobile World Congress 2012, which is currently taking place in Barcelona, Spain. Ericsson’s Converged Wallet platform provides a new complementary service to the integrated pre-paid charging system and mobile financial services solution for MTN consumers in those regions.

The new solution delivers a fast track route for MTN to quickly introduce relevant, new and differentiated m-wallet market offerings to its Mobile Money customers to create an optimised user experience. The partnership between Ericsson and MTN supports the operators' strategy to secure a flexible, reliable and efficient solution in the area of mobile financial services. As part of the co-operation, Ericsson will offer a prime integrator engagement model encompassing software, systems integration and managed operation services. MTN has more than five million Mobile Money subscribers in 12 countries.

"Optimising the Mobile Money consumer experience directly impacts consumer stickiness, and with Ericsson Converged Wallet we can now address our strategic priorities by enabling rapid response to our consumer's preferences and expectations," Christian de Faria, MTN Group Chief Commercial Officer, was reported as saying.

The development of the Ericsson Converged Wallet follows a period of close co-operation between Ericsson and MTN Group, one of the first operators to deploy Ericsson's pre-paid solution back in 1998. Ericsson is the first technology enabler to integrate a charging system and mobile financial services solution.

Ericsson Converged Wallet solution is built for high volume and secured transactions. It also delivers operational efficiencies by providing a single configuration tool and rating engine for all packages, prices, promotions, policies and notifications. MTN will initially deploy the Ericsson Converged Wallet as a pilot in selected MTN operations during 2012, with a view to rolling out the solution across all of its operations in Africa and the Middle East.

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