Starting with Senegal, Ericsson's solutions will be rolled out in phases and once operational will provide a more agile and compliant IT architecture to enhance performance in managing the flow of transactions.
In addition, by strengthening Orange’s core mobile money platform, Ericsson will help promote financial inclusion and economic development across the continent.
“Stable, secure, reliable and compliant mobile financial services are fundamental to building the foundations of economic growth for many people in Africa," said Alioune Ndiaye (pictured), chairman and CEO of Orange Middle East and Africa.
"As we continue to work to support our customers and enhance the services offered to them, we are very pleased to work with Ericsson as their financial services platform is built upon the latest security technologies and open architecture framework principles which can further expand our ecosystem and achieve our vision of financial inclusion in Africa.”
The Ericsson Wallet Platform - Ericsson’s Mobile Financial Services solution - is a financial services platform built on the latest security technologies and open architecture framework principles. At present, more than 300 million people use Ericsson’s Wallet Platform solutions globally, delivered through communications service providers.
While Orange Money provides financial services through a flexible mobile phone interface, without the need for a bank account enabling customers to securely store, transfer and withdraw money, as well as pay merchants and utility providers, among other financial services.
Since its launch in 2008, the service has grown and is now available to more than 60 million subscribers in seventeen countries across Africa and the Middle East.
“This is a new milestone in our long-standing partnership with Orange Middle East and Africa. With Ericsson’s industry leading and state-of-the-art Mobile Financial Services Platform, this partnership enables Orange Middle East and Africa to achieve its vision to accelerate financial inclusion in Africa," said Fadi Pharaon, president of Ericsson Middle East and Africa.
"This anchors Ericsson’s technology leadership position in offering the most advanced and innovative Mobile Financial Services and further contributing to the economic development of Africa."
