The mobile commerce industry is continuing its rapid development, driven by consumer expectations and convenience – along with the fact that financial services are not always easily accessible. According to 2012 World Bank estimates, only 1.5 billion people in the world have a bank account. But more than 1.7 billion people who don’t have a bank account have access to mobile phones. So how can you give them access to mobile financial services?
The Ericsson M-Commerce portfolio can help you succeed in the mobile payments market by accelerating the interconnection between the m-commerce ecosystem and the financial world. This way, the development of m-commerce will be hastened, and the next-generation of mobile financial services can become widely available.
Turning the mobile phone into a means of payment is at the heart of any mobile commerce offering. Ericsson Wallet Platform provides this capability by helping to unlock the potential of mobile payments. Specifically, it enables solutions and services that allow financially regulated services to be carried out using a mobile phone.
Ericsson Converged Wallet is an integrated mobile wallet solution that combines our wallet and charging platforms. It allows operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end user solution for m-commerce needs.
Ericsson M-Commerce Interconnect enables instant transactions between mobile wallets by connecting operators with other service providers.
Operators already using the Ericsson Charging System, which serves two billion customers, can readily convert these prepaid accounts to mobile wallet accounts via the Ericsson Converged Wallet
When the Ericsson Wallet Platform is integrated with the Ericsson Charging System, operators can:
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