Enabling financial inclusion
In partnership with MTN in Middle-East and Africa; Telenor and Etisalat in Asia
Challenge
In many countries people do not have banking facilities. For example, in Africa 57% of the population lack any form of bank account.
Solution
The Ericsson Mobile Financial Services (MFS) platform features easy to use and secure next-generation mobile financial services.
Impact
Millions of unbanked mobile users enjoy benefits of mobile financial services. The service covers more than 15 countries and has over 90 million active wallets in MTN network, 69 million active wallets in Telenor network and 200 thousand active wallets in Etisalat network.
More facts and reading
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