Ericsson showcases new m-commerce portfolio
VALUE ADDED SERVICES| Feb. 23, 2012, 9:31 a.m.
Ahead of Mobile World Congress 2012, Ericsson has unveiled its new extended suite of m-commerce solutions and services, designed to accelerate access and interconnection between the emerging m-commerce eco-system and the financial world to fast track the next generation of mobile financial services.
Ericsson is launching two new services within its m-commerce portfolio – Ericsson Converged Wallet and Ericsson Merchant Wallet. Both new services will be showcased at Mobile World Services in addition to Ericsson Wallet Platform and Ericsson M-commerce Interconnect.
Ericsson M-commerce services portfolio is designed to provide the world’s leading consumers brands with the infrastructure and solutions needed to create and connect m-wallets across a global m-commerce eco-system.
The portfolio of services will speed time to revenue, increase adoption and stickiness, cost efficiency and performance for mobile network operators, financial institutions, internet gaming companies and retailers.
According to the firm, while Ericsson Converged Wallet can unlock the potential of the m-wallet for operators and financial institutions by converting the accounts of over a billion consumers already on the Ericsson Billing & Charging Solution to m-wallets.
Some 1.6 billion people worldwide who are already using a type of ‘first generation’ m-wallet voice account (pre and post-paid accounts), can now be easily converted to ‘next generation’ m-wallets through Ericsson Converged Wallet, the Ericsson Merchant Wallet service will help provide large Internet brands and merchants with a solution for payments including payments; virtual currency transactions, loyalty points.
The Ericsson Wallet Platform delivers software solutions and hosted services to enable secure and convenient mobile financial services, e.g. person to person money transfer, bill payment, merchant payments and micro loans while Ericsson M-commerce Interconnect acts as an eco-system hub for money transfer; payment transactions and services between subscribers of Mobile Network Operators and other service providers (e.g. banks, money transfer organizations, payment service providers, Internet service providers)
The new services within Ericsson’s m-commerce portfolio follow on from the launch of Ericsson M-commerce Interconnect showcased at MWC 2011. Following last year’s event the Interconnect service went live in the Philippines connecting through partnerships with operators Globe Telecom (GCash) and Smart Communications (Smart Money) m-wallet schemes.
Adam Kerr, Head of M-commerce, Ericsson, says: “This is an exciting time for the m-commerce industry, which is expected to process over USD800 billion globally by 2016. At Ericsson M-commerce we are in a unique position to work with strategic partners to kick-start the next wave of growth of the M-commerce eco-system."
“Right now we are very focused on providing services that give our partners across the eco-system a fast route to provide their consumers with more m-wallet and platform independent services and greater payments choice. Through our enhanced suit of services we will enable partners to get closer to their customers through differentiated wallet services that connect and add value to their consumers.”
MORE VALUE ADDED SERVICES NEWS
Uber offers cashless payments in Accra through SMSGHUber, the innovative app that connects riders with drivers, has revealed to Biztechafrica that it has partnered with SMSGH to provide mobile payments to the Greater Accra Metropolitan Area (GAMA). Read More
MTN drives insurance with IASMTN Business is set to empower insurance companies across Nigeria with an Insurance Automation Service (IAS). Read More
Integrated payment markets to fuel future growthCongo registers strong demand momentum for international and cross-border money transfers, says TerraPay. Read More
Kirusa launches myGenie app, ad platformKirusa, a global telecom and social media solutions provider, has launched myGenie app, a revolutionary free airtime App for prepaid Android users in Nigeria. Read More
Sterling Bank, AppZone’s CreditClub partner on unbanked customersSterling Bank Plc has signed up to AppZone’s CreditClub to leverage its agent network and banking technology platform to serve customers outside traditional branches. Read More
Africa offers potential for cashless paymentAfrican countries share some of the world’s highest speeds of digital growth with people now constantly in pursuit of faster and more convenient ways of paying for goods and services. With the advances in technology, it is now possible to satisfy this demand at reasonable costs, delegates heard at ... Read More
Safaricom launches M-PESA bill manager serviceSafaricom has launched a new service known as ‘Bill Manager’ that will enable customers to manage and pay bills via M-PESA all in a single transaction. Read More
BankOne empowers 250 Microfinance BanksOne of Africa’s leading Information Technology platforms for micro finance banks, BankOne, has announced the signing up of its 250th client. Read More
Orange Money in France to allow money transfers to three African countriesOrange Money is available in Metropolitan France to enable Orange mobile subscribers in France to transfer money via their mobile to other Orange Money customers in Côte d'Ivoire, Mali and Senegal. Read More
FEATURED STORYFirst-ever Africa Barclays Accelerator programme concludes
Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.
BEST READ NEWS
IN DEPTHEthical Hacking students can’t get a heck of a job
Botswana ethical hacking students report that they are failing to break into the local job market.
COMPANY NEWSSage Announces the Launch of Sage 50 Accounting in East and West Africa
Sage 50 Accounting Africa edition is a full business management solution for Small and Medium Businesses.