Ericsson & Western Union join forces to fast track mobile financial services
(firmenpresse) - STOCKHOLM, SWEDEN -- (Marketwire) -- 02/27/12 --
· Ericsson & Western Union announce strategic alliance at
Mobile World
Congress 2012 in Barcelona, Spain.
· First step is an integration of Western Union's Mobile Money
Transfer
Network and Ericsson suite of M-Commerce solutions to support mobile
network
operators further accelerate their launch of mobile financial services
· Strategic alliance enables mobile network operators to
easily include
Western Union Mobile Money Transfers in the service suite of their mobile
financial service offers
Global brands Ericsson (NASDAQ: ERIC) and Western Union
(NYSE: WU) today announced a strategic agreement designed to accelerate the
interconnection between the m-commerce eco-system and the existing
financial
world.
The first step of this agreement will result in seamless platform
integration
between the Western Union Mobile Money Transfer network and the Ericsson
suite
of M-Commerce solutions, including Ericsson Converged Wallet, Ericsson
Wallet
Platform, and Ericsson M-Commerce Interconnect. This will enable mobile
network
operators to easily include Western Union Mobile Money Transfers in the
service
suite of their mobile financial service offers.
Ericsson's M-commerce services portfolio is designed to unlock the
potential of
the wallet, fast-track mobile operators' time to market in launching mobile
financial services and support the rapid adoption of M-commerce by their
subscribers. The portfolio of services can speed time to revenue, increase
adoption and stickiness, cost efficiency and performance for mobile network
operators and deliver the technology infrastructure to support an
interconnected
M-commerce eco-system.
Western Union has been a market leader in mobile money transfer for the
past
four years. By joining forces with Western Union for these services, mobile
operators can connect their accounts easily and simply to the world's
premier
money transfer network of more than 450,000 Agent locations across 200
countries
and territories. This enables account holders to easily send and/or receive
money transfers globally.
In integrating Western Union's services and Ericsson platforms, mobile
network
operators will be able to further accelerate their launch of mobile
financial
services. Operators rolling out services using the Ericsson M-Commerce
solutions
will be able to quickly and easily deploy Western Union Mobile Money
Transfer
services as well, essentially "out of the box" when they contract with
Western
Union.
Ericsson and Western Union will next jointly explore strategic
collaborations to
further simplify the establishment of mobile financial services by mobile
network operators.
The alliance between these two world-leading Information and Communications
Technology (ICT) and remittance organizations is based on a shared ambition
to
make mobile financial services available to consumers around the world.
Hans Vestberg, President and CEO of Ericsson, said: "With 2012 set to be a
year
of rapid transition and dynamic change across the m-commerce industry,
operators
and financial institutions have a chance to evolve their role and meet
consumer
needs and expectations in new ways. Our business ambition is to accelerate
access and interconnection between the m-commerce eco-system and the
existing
financial world. Through this agreement with Western Union, we are helping
mobile network operators and financial institutions get closer to their
customers with differentiated wallet services that connect and add value to
their consumers."
Diane Scott, Chief Marketing Officer and President, Western Union Ventures,
said: "Ericsson and Western Union have a very powerful combination of
global
scale, relationships, complementary expertise and brands. Together we
believe we
can bring mobile financial services to more places in the world than ever
before
- unlocking the power of financial services for millions of people
worldwide."
NOTES TO EDITORS
Ericsson & Western Union
Ericsson has a large number of long-term and trusted MNO relationships with
over
450 operators, 13,000+ global pre-sales and account management staff, a
reputation as a trusted an innovative ICT vendor, 1.6 billion subscribers
on
Ericsson's Charging System base which can be converted to m-wallet
customers,
Ericsson Wallet Platform and Ericsson M-Commerce Interconnect platforms and
solution integration expertise.
Ericsson has been a leader in technology and technology innovation for over
140
years. Ericsson has a presence in 180 countries, handles 40% of the world's
mobile data traffic and has been involved in mobile payments for the last
20
years.
Western Union has a strong global consumer brand, on-the-ground marketing
teams
across all continents, regulatory and compliance expertise, settlement and
treasury expertise, a global network of more than 450,000 Agent locations
in
200 countries and territories, and expertise in developing and launching
co-branded mobile money offerings around the world.
Ericsson's Multimedia content is available at the broadcast room:
Mobile Wallet Info graphics
About Ericsson
Ericsson is the world's leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely,
in
sustainable societies around the world.
Our offering comprises services, software and infrastructure within
Information
and Communications Technology for telecom operators and other industries.
Today
more than 40 percent of the world's mobile traffic goes through Ericsson
networks and we support customers' networks servicing more than 2 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company
had
revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services.
Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union
Business
Solutions branded payment services, Western Union provides consumers and
businesses with fast, reliable and convenient ways to send and receive
money
around the world, to send payments and to purchase money orders. As of
December
31, 2011, the Western Union, Vigo and Orlandi Valuta branded services were
offered through a combined network of approximately 485,000 agent locations
in
200 countries and territories. In 2011, The Western Union Company completed
226
million consumer-to-consumer transactions worldwide, moving $81 billion of
principal between consumers, and 425 million business payments. For more
information, visit .
Press release in PDF:
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originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1589092]
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Datum: 27.02.2012 - 02:12 Uhr
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