MWC: Ericsson and Western Union join forces for the development of mobile financial services

Ericsson's and Western Union announced a strategic partnership to develop links between the mobile commerce ecosystem and the existing world of financial services. At the first stage of this agreement will lead to the integration of mobile platforms, Western Union money transfer and a set of solutions of Ericsson in mobile commerce, such as Ericsson Converged Wallet, Ericsson Wallet Platform, and Ericsson M-Commerce Interconnect. This will allow mobile operators to easily enable mobile money transfer service Western Union provides consumers with a set of mobile financial services. Ericsson's portfolio of services in the area of mobile commerce is designed to unleash the potential of mobile wallets, accelerate time to market for operators of mobile financial services and mobile commerce to support the dissemination of mobile users communication. Ericsson Services allow mobile operators, financial institutions, developers of online games and retail players to create new revenue channels and increase the efficiency of their operations. By joining forces with Western Union, mobile operators will be able to connect their accounts to the world's largest money transfer system, with more than 450,000 points of translation in over 200 countries. This would allow account holders to send and receive money around the world. Through the integration of Western Union services and mobile commerce technology platform from Ericsson Mobile operators can dramatically accelerate the launch of mobile financial services. Operators deploying their services based on Ericsson M-Commerce, will organize a mobile money transfer service from Western Union or, if you have a contract with Western Union, simply plug ready-packaged solutions from the company. In the future, Ericsson and Western Union will continue to seek new opportunities for strategic cooperation in order to further simplify the organization of mobile financial services by mobile operators.