Mobile Financial Services

Mobile Financial Services

About Mobile Financial Services

In the Networked Society, we use mobile technology for just about everything. Yet, three quarters of all payments around the world are still made in cash. Because handling all our small, everyday transactions is too complex and expensive for our current financial systems, and for the people using them.

At Ericsson, we believe that sending money, from anyone to anything and anywhere in the world, should be as easy as sending a text message. That’s why we are creating the world’s most connected, scalable and secure mobile wallet. And that’s why we encourage and drive collaboration between operators, banks and service providers to create an open money ecosystem, with great business opportunities for all.

In fact, it’s what we’ve always done with calls, texts, sites and apps. We know how to manage billions of small transactions, across the globe, all in real time. Why should money be any different? Let’s make it open.

MFS Press Backgrounder

Ericsson Mobile Financial Services

Press and news releases

June 11, 2015

Ericsson and VeriFone Mobile Money announce global partnership

January 19, 2015

Ericsson Wallet Platform becomes first mobile money service to earn card security standards certification

November 25, 2014

Ericsson Honored for Mobile Money project in Peru

November 20, 2014

MTN Uganda strengthens mobile financial services with Ericsson

November 12, 2014

Ericsson supports Tigo Mobile Wallet introduction in Senegal

August 18, 2014

Ericsson chosen by ASBANC to develop a new channel to enable financial inclusion in Peru

March 19, 2014

Ericsson drives outreach program with Business Sweden to support the m-commerce global growth

November 19, 2014

Ericsson powers MTN Rwanda Mobile Money Service

November 19, 2013

Ericsson powers MTN Rwanda Mobile Money Service

May 14, 2013

Ericsson partners with Eurogiro to build global M-Commerce Interconnect service

February 27, 2012

Ericsson & Western Union join forces to fast track mobile financial services

February 27, 2012

Ericsson & MTN collaborate on M-wallet services

ConsumerLab studies on Mobile Financial Services

Mobile Commerce in Emerging Asia

Mobile Commerce in Emerging Asia

A report from Ericsson ConsumerLab has explored the possibilities of widespread Mobile Financial Services adoption in emerging Asia. The countries included in the study were Bangladesh, Indonesia and Vietnam.

Bridging the Digital Divide Sub Saharan Africa

Bridging the Digital Divide Sub Saharan Africa

The report highlights how mobile phones create and promote connectivity in Sub-Saharan Africa from the consumer perspective, covering topics regarding smartphones, the internet, financial services, and applications.

Latin American consumers ripe for Mobile Financial Services

Latin American consumers ripe for Mobile Financial Services

Ericsson consumer research shows that the majority of people in Latin America who are not using Mobile Financial Services services today would be interested in using such services in the future. Convenience and security are important drivers for Mobile Financial Services in the region.

Mobile Financial Services in Sub-Saharan Africa

Mobile Financial Services in Sub-Saharan Africa

The mobile phone brought a new dimension to the economic life of Sub-Saharan Africa. A new ConsumerLab report examines how this dynamic region is embracing a new generation of m-commerce services.


Our vision – Mobile Financial Service

Voices of Mobile Financial Services


Mobile Financial Services blog

Ericsson footprint

2.1 billion subscriptions served by Ericsson Charging and Billing (BSS)

7+ billion mobile subscriptions globally (Source Ericsson Mobility Report)

2 billion adults are financially excluded (Source World Bank)

Ericsson M-Commerce on Twitter