Swedish multinational Ericsson, renowned for 5G networks, partners with MTN MoMo, Africa's largest telecom operator, to enhance financial inclusion. The collaboration leverages Ericsson's Mobile Wallet Platform, enabling secure transactions for MTN MoMo's 63 million users in 16 African countries. With a focus on fintech, the partnership aims to boost merchant payments, eCommerce, and digitized banking solutions. This comes amid a rising e-payment boom, positioning mobile money as a vital service across Africa. The move aligns with Ericsson's AfricaInMotion vision for a connected and sustainable Africa.
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