Orange MEA chooses Ericsson Wallet Platform
Ericsson Wallet Platform – Ericsson’s mobile financial services solution – is a leading financial services platform based on the latest security technologies and the principles of the Open Architecture Framework
Orange Money has grown rapidly since its launch in 2008. The service is now available to more than 60 million subscribers in seventeen countries in Africa and the Middle East, where it has facilitated more than 62 billion euros in transactions in 2020 alone.
The offering provides financial services through a simple and flexible mobile phone interface, without the need for a bank account. Orange Money customers can securely store, transfer and withdraw money and pay merchants and utility providers, among other essential financial services.
Orange Middle East and Africa will deploy Ericsson’s mobile financial services solutions in phases in fourteen of the countries in its Orange Money footprint, starting with Senegal.
Ericsson’s solution will provide a more agile and compliant IT architecture to improve transaction flow management performance.
By strengthening Orange’s mobile money platform, Ericsson will help promote financial inclusion and economic development in these countries.
More than 300 million people worldwide currently use Ericsson’s portfolio platform solutions, provided by communications service providers.
Alioune Ndiaye, Chairman and CEO of Orange Middle East and Africa said: âStable, secure, reliable and compliant mobile financial services are fundamental to laying the foundation for economic growth for many people in Africa. As we continue to work to support our customers and improve the services offered to them, we are very pleased to work with Ericsson as their financial services platform is built on the latest security technologies and architecture framework principles. that can further expand our ecosystem and achieve our vision of financial inclusion in Africa.
Fadi Pharaon, President of Ericsson Middle East and Africa, said: âThis is a new step in our long-standing partnership with Orange Middle East and Africa. Together with Ericsson’s state-of-the-art mobile financial services platform, this partnership enables Orange Middle East and Africa to realize its vision to accelerate financial inclusion in Africa. This anchors Ericsson’s position as a technology leader in delivering the most advanced and innovative mobile financial services and further contributing to Africa’s economic development.
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