Why do so many consumers abandon mobile carts? The main reasons seem to be payment friction and generally hard-to-use mobile sites. Ericsson Converged Wallet addresses this issue by enabling operators' charging systems accounts to expand into an open loop financial system.
It's Time for Open Money
The freedom to send, spend and receive money with a mobile phone is quickly becoming an essential part of life for billions of people. It's a cornerstone of the Networked Society, a strong driver of ubiquitous access to mobile money, and a great business opportunity. It also calls for change. A change where existing payment networks are connected and interoperable.
We drive this change of making money more open by developing secure, flexible platforms that help build an interconnected and transparent financial ecosystem.
We believe that when money is open, everyone will benefit.
The Call for Change Blog
We believe communication and connectivity are basic human needs. Fulfilling them has been our mission since the foundation of our company.
Ericsson M-commerce was at Mobile World Congress 2014 to help operators learn how stand out in the crowded mobile commerce marketplace.
In-building environments present a unique set of challenges and also huge opportunities for operators that want to be part of the m-commerce food chain. Ericsson’s recently launched Ericsson Radio Dot System is designed to address this problem by massively improving in-building network performance.
In this blog post, I look at how interoperability provided by telecom operators will become the "glue" that joins the various stakeholders in the connected marketplace and allows them to pursue their individual business goals at the same time.