STOCKHOLM, SWEDEN — (Marketwire) — 02/21/12 —
· Launch of new services within extended Ericsson M-commerce
portfolio
brings next generation m-commerce closer
· Ericsson M-commerce portfolio designed to speed time to
revenue,
increase stickiness, cost efficiency and performance for Mobile Network
Operators and financial institutions
· Ericsson first technology enabler to integrate a charging
system and
money services solution
· Foundation to unlock the potential of the m-wallet with
strategic
partners
Ahead of Mobile World Congress 2012, Ericsson (NASDAQ: ERIC) unveils 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 Hall 6 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.
· 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 accounts (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.
· 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
· 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 USD 800 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,” he adds.
· Weighted statistic from Ericsson based on a consolidated view
comprising of analysts and Ericsson calculations
NOTES TO EDITORS
Ericsson at MWC 2012
Our multimedia content is available at the broadcast room:
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.
Press release in PDF:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1587706]
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:
Ericsson Investor Relations
Telefon: +46 10 719 00 00
E-post:
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