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Ericsson, Mastercard Target Unbanked Millions With New Global Payments Alliance - Telefonaktiebolaget L M (NASDAQ:ERIC)
The integration targets unbanked and underbanked communities by enabling telecoms, banks, and fintechs to expand digital wallets and streamline payments across 200 countries, Ericsson said.
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7 Articles
Ericsson, Mastercard Target Unbanked Millions With New Global Payments Alliance - Telefonaktiebolaget L M (NASDAQ:ERIC)
Ericsson (NASDAQ:ERIC) on Wednesday announced a collaboration with Mastercard Incorporated (NYSE:MA) to enhance global money transfers by integrating Ericsson’s Fintech Platform with Mastercard Move. The partnership enables telecom operators, banks, and fintechs to expand digital wallet services, streamline cross-border payments, and reach unbanked and underbanked communities. Ericsson’s pre-integrated APIs, cloud-native infrastructure, and comp…
PR Newswire
Ericsson and Mastercard enhance global digital money movement and accelerate digital financial inclusion
/PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Mastercard today announce a collaboration to reshape how money moves across the world. By integrating the Ericsson...
• This cooperation facilitates access to advanced money transfer solutions for telecommunications service providers, financial technology companies and banks and enhances the digital financial inclusion of groups that do not have bank accounts or access limited banking services.
Ericsson and Mastercard have announced a collaboration that will allow telecommunications service providers, banks and fintechs to expand the capabilities of electronic wallets, launch new payment services and reach out to communities without access to or limited access to banking services, by integrating the Swedish company’s fintech platform with Mastercard Move, the US’s portfolio of money movement solutions.
Global Ericsson–Mastercard Collaboration Kicks Off in Middle East and Africa to Drive Financial Inclusion
Ericsson and Mastercard have disclosed ongoing landmark collaborations designed to reshape the global money movement and accelerate digital finance as well. At an event in Stockholm, it was stated that the partnership integrates the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move, the company’s portfolio of advanced payment and money transfer solutions.One of the major benefits this collaboration is targeted at will be…
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