5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Ericsson Launches Mobile Money Services

By Andrew Berg | February 2, 2011

Ericsson today launched a suite of mobile money services. The company says it is set to create “a global ecosystem that makes sending money person-to-person as simple as sending an SMS.”

According to a press release, the services will address both the developed and emerging markets. The launch of the new business follows two years of preparation and proof of concept in Europe and Asia. Ericsson says it has developed an end-to-end solution and associated business and operational model that meets regulatory, legal and security requirements.

Through Ericsson Money Services and its Money Interconnect Service, mobile operators, financial institutions and other service providers that want to extend their offering with mobile money services can be connected to a real-time, cross-border, cross-currency switching network.

Ericsson Money Services also offers end-to-end solutions that can be tailored for different market conditions and needs.

“A new market is opening up consisting of consumers whose first meeting with banks will take place over a mobile phone and who may never own a plastic credit card. People who may never enter a bricks-and-mortar bank now have the opportunity to ‘walk’ into a virtual bank using their phone. They will also benefit from more reasonable fees for routine transactions such as transferring funds,” says Semir Mahjoub, head of Ericsson money services, in a statement.

The Ericsson Money Services portfolio will be available for demonstrations at the Ericsson Hall (Hall 6, La Fira) during Mobile World Congress (MWC) to be held in Barcelona Feb. 14 to 17.


Filed Under: Devices

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

High-directivity couplers optimized for 225 – 750 MHz applications
Integrated into IoT devices, iSIM poised to make inroads
Triple-radio and multiprotocol MCUs add application processors
5G vectors
How RedCap fits into 5G and IoT

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: Internet of Things
Explore practical strategies for minimizing attack surfaces, managing memory efficiently, and securing firmware. Download now to ensure your IoT implementations remain secure, efficient, and future-ready.

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World