Rob Shuter, CEO and President of MTN Group (R) with Borje Ekholm, President and CEO of Ericsson (L) shake hands at the Mobile World Congress 2019 in Barcelona | Courtesy Photo.
Rob Shuter, CEO and President of MTN Group (R) with Borje Ekholm, President and CEO of Ericsson (L) shake hands at the Mobile World Congress 2019 in Barcelona | Courtesy Photo.

MTN and Ericsson have signed a five-year contract extension to deploy new products and provide managed services for mobile money services in 13 countries across Africa and the Middle East.

The new contract includes the deployment of Ericsson Wallet Platform (EWP) in new markets on top of the existing 13 countries — which brings easy-to-use, next-generation mobile financial services to MTN customers.

The strategic partnership between the two companies will ultimately introduce EWP across the operator’s footprint.

MTN Group has wallet platform subscribers in 13 countries in Africa. Ericsson is providing MTN a flexible, reliable and efficient m-commerce solution that includes EWP, systems integration, operational support and solution development.

“A stable, secure and reliable platform is one of the fundamentals to building successful mobile financial services. Through this partnership we look forward to working with Ericsson to further enhance our value proposition and expand our ecosystem,” MTN Group Executive for Mobile Financial Services, Serigne Dioum said in a press statement.

The five-year revenue sharing extended agreement includes a host of digital payment and transactional capabilities in line with MTN’s vision.

Rob Shuter, CEO and President of MTN Group (R) with Borje Ekholm, President and CEO of Ericsson (L) shake hands at the Mobile World Congress 2019 in Barcelona | Courtesy Photo.
Rob Shuter, CEO and President of MTN Group (R) with Borje Ekholm, President and CEO of Ericsson (L) shake hands at the Mobile World Congress 2019 in Barcelona | Courtesy Photo.

EWP allows users to store, transfer and withdraw money, paying merchants and utility providers as well as using financial services like savings and loans.

Rafiah Ibrahim, Head of Ericsson Middle East & Africa said, “This breakthrough deployment is yet another example of MTN’s ongoing commitment to innovation and customer satisfaction. EWP helps MTN offer the convenience of m-wallet financial services across its entire subscriber base.”

EWP is an integrated mobile wallet solution that combines EWP and Ericsson Charging. It also allows mobile operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution for m-commerce needs.