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Press Release -- February 27th, 2012
Source: Ericsson

Ericsson & MTN collaborate on M-wallet services

  •             Strategic m-commerce partnership announced at Mobile World Congress 2012 in Barcelona, Spain
  •             The agreement sees early adopter MTN become the first operator to deploy Ericsson Converged Wallet across its operations in Africa and the Middle East
  • Partnership based on co-development and co-operation drives innovation and change in mobile financial services

Ericsson (NASDAQ:ERIC, news, filings) and MTN Group are establishing a strategic partnership to launch m-wallet services in Africa and the Middle East.  MTN will become the first operator to deploy Ericsson Converged Wallet platform, 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 optimized 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.

Christian de Faria, MTN Group Chief Commercial Officer, said: “Optimizing 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.”

MTN has more than 5 million Mobile Money subscribers in 12 countries.

President and Chief Executive Officer of Ericsson, Hans Vestberg, said: “2012 will be the year of partnerships across the emerging m-commerce eco-system. MTN has long been an early adopter in mobile money, and this new partnership builds on our ongoing relationship of collaboration.  Driving accelerated time to market for operators and linking wallet accounts to purchases across multiple payment systems is a clear next step in next generation mobile financial services.”

The development of the Ericsson Converged Wallet follows a period of close co-operation between Ericsson and MTN Group, highlighting MTN’s ongoing commitment to innovation – it was 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 roll out the solution across all its operations in Africa and the Middle East.


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Ericsson is the world’s leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.

Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today more than 40 percent of the world’s mobile traffic goes through Ericsson networks and we support customers’ networks servicing more than 2 billion subscribers. 

We operate in 180 countries and employ more than 100,000 people. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company had revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.


Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92

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Telefon: +46 10 719 00 00


Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 30 September 2011, MTN recorded over 158 million subscribers  across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at and 


Silvanus Mabaso, MTN Group Corporate Affairs

Mobile: 083 222 7613

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