Mozambique Telecom, SA (Tmcel) customers will now benefit from financial capabilities through an Ericsson mobile financial services solution by gaining direct access to Ericsson's Mobile Wallet platform.
According to what was revealed, this technological solution comes to expand the source of financial transactions, in order to contribute even more to the economic and digital development in the country, under the partnership that Tmcel made with Ericsson's Mobile Wallet.
This cooperation also appears in Tmcel's technological modernization objectives, where it chose Ericsson to update the mobile wallet service, mKesh, through the implementation of the European company's platform, which is currently available.
Please note that the Ericsson Mobile Wallet is a world-leading mobile financial services solution, which is built on the latest security technologies and open architecture framework principles.
The said platform will also train, in matters of financial management, people who do not have access to traditional banking services, as well as Tmcel customers will benefit from efficient, fast and easy-to-use services, through which they will be able to store, transfer, withdraw cash, make payments to merchants and utility providers, and borrow savings.
BUT: Mozambique: Tmcel begins second phase of modernization of its network
For Binda Celestino, Administrator for Tmcel's Operational Area, updating the mobile financial service, mKesh, is a vital component of the company's ambition to support digital transformation throughout Mozambican territory, given that the commitment to financial inclusion is important for widen the depth of the country's economy.
"Ericsson's Mobile Wallet platform offers us the latest security technologies, while the open architecture allows us to offer the solution to most of the Mozambican population, to be able to carry out financial transactions, expanding our ecosystem and achieving the vision of financial inclusion“, said Binda Celestino.
On the other hand, Todd Ashton, Ericsson's Vice President and Head of Southern and East Africa, highlighted that Ericsson's Mobile Wallet platform will allow Tmcel to expand the financial transaction community, thus contributing more to economic and digital development, as well as connecting and supporting new emerging industries.
"Ericsson's vast experience across the African continent and its leading position in technology, through offering the most advanced and innovative mobile financial services, will enable the development of future-ready technologies and the acceleration of digital transformation and financial inclusion in Mozambique,” said Todd Ashton.
This mKesh update comes as an important milestone in Mozambique's digital transformation and economic development program and a key enabler for linking and supporting new emerging industries in the country.
