The Ericsson had decided to go compete in the mobile banking service by offering platform named Ericsson Money Services. Ericsson launch of new businesses is the result of research and proof of concept that has been implemented in Europe and Asia. As part of services, Ericsson has developed a service solution end-to-end and the related business and operational models, to meet the requirements of regulators, law and security, in cooperation with the customer service and innovative companies in the financial sector.
Mobile operators, financial institutions and other service providers, hoping Ericsson Money Services and Money Interconnect Service to expand the money supply in the mobile service. They hope that will be connected in real-time, without boundaries, and without limit currency.
Notes to editors:
Ericsson is the world’s leading provider of technology and services to telecom operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and provides support for networks with over 2 billion subscribers and has the leading position in managed services. The company’s portfolio comprises mobile and fixed network infrastructure, telecom services, software, broadband and multimedia solutions for operators, enterprises and the media industry. The Sony Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of being the “prime driver in an all-communicating world” through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 90,000 employees generated revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ New York.
The technical solution from Ericsson enables operators and financial institutions, their services in real time, across national boundaries and across different currencies, to offer mobile.
The system complies with regulatory and safety requirements. Money Services also includes different business and operating models and can thus adapt to the conditions in different markets.
