In Pakistan and Africa, many are living on, or under, two dollars a day, with only 15 percent of the population reported to have a bank account.
The Ericsson Mobile Financial Services (MFS) platform features easy-to-use and secure next-generation mobile financial services.
Today, millions of unbanked mobile users enjoy mobile financial services. The solution covers 13 countries in the Middle-East and Africa with MTN, as well as several other countries in South Asia with Telenor and Etisalat.
Supporting the Sustainable Development Goals
The highlighted Sustainable Development Goals are included in the project.
"A stable, secure and reliable platform is one of the fundamentals to building successful mobile financial services."
- Serigne Dioum, MTN Group Executive for Mobile Financial Services