- TMCEL customers in Mozambique are now to benefit from the financial empowerment of Ericsson’s mobile financial services solution as they go live with Ericsson Wallet Platform.
- The solution will broaden the community of financial transactions by further contributing to the economic and digital development and connecting and supporting new emerging industries.
Ericsson Wallet Platform – Ericsson’s mobile financial Services solution – is a leading financial services platform built on the latest security technologies and open architecture framework principles. More than 300 million people worldwide currently use Ericsson Wallet Platform solutions, delivered by communications service providers. Ericsson Wallet Platform is aimed at empowering financial management, including for people who don’t have access to traditional banking services. It will deliver easy-to-use financial services to TMCEL Mozambique customers through the ability to store, transfer and withdraw money, pay merchants and utility providers, use financial services such as savings and loans.
The upgrade of the
existing mobile financial service solution, mKesh, to Ericsson Wallet Platform will
make it easier for TMCEL’s customers to make fast and easy-to-use financial
transactions on a next-generation mobile financial service.
Binda Celestino
Augusto Jocker, TMCEL Chief Operational Officer says: “The upgrade of the mKesh
mobile financial service with Ericsson is a vital component of our ambition to
support digital transformation across Mozambique. Our joint commitment to financial
inclusion is important to broaden the depth of the economy in the country. Ericsson
Wallet Platform gives us the latest security technologies, while the open
architecture allows us to offer the solution to a larger part of the people in
Mozambique to make financial transactions, broadening our ecosystem and achieve
our vision of financial inclusion.”
The mKesh upgrade project
is an important milestone in Mozambique’s digital transformation and economic
development program and a key enabler for connecting and supporting new
emerging industries in the country.
Todd Ashton, Vice
President and Head of Ericsson South and East Africa, says: “Our long-standing
partnership with TMCEL is complimented with our Ericsson Wallet Platform to
support financial inclusion in Mozambique. With Ericsson’s industry leading and
state-of-the-art Wallet Platform, we are enabling TMCEL to broaden the
community of financial transactions by further contributing to the economic and
digital development, connecting and supporting new emerging industries, and
accelerating #AfricaInMotion.”
Ericsson’s extensive experience
across Africa and technology leadership position in offering the most advanced
and innovative Mobile Financial Services will enable future ready
technologies and digital transformation and will accelerate financial inclusion
in the country.