e& money and Ericsson partner to boost UAE mobile money service

By Delisha Fernandes

e& money has partnered with Ericsson for a strategic multi-year partnership to strengthen and expand their FinTech platform. Through Ericsson’s FinTech solution, the Ericsson Wallet Platform, will bolster e& money’s infrastructure, making it more secure and reliable to manage transaction processes effectively.

Ericsson Wallet Platform will provide secure and personalized financial services to a wide range of users through a variety of digital channels. The modernization and expansion of the platform marks a pivotal moment in e& money’s evolution as it aims to become a financial super app.

Melike Kara Tanrikulu, Chief Executive Officer, e& money said,  “Our collaboration with Ericsson is aimed at ushering in a new era of fintech reliability. This joint endeavour underscores e& money’s commitment to enhancing digital experiences and equipping individuals and businesses in the United Arab Emirates with reliable financial solutions. With Ericsson’s support, we aim to set new standards in fintech, transforming the financial landscape in the region.”

e& money empowers citizens and residents in the United Arab Emirates (UAE) with secure, convenient, and swift payment solutions delivered through an intuitive mobile application. The wallet offers a wide array of services, ranging from international and local transfers, prepaid cards, payment processing and gifting.

In addition, with its open architecture and easy integration, the Ericsson Wallet Platform will enable e& money to discover new revenue streams and expand services as it advances the digitization of financial transactions and fosters economic growth in the UAE.

Ekow Nelson, Vice President and Head of Global Customer Unit for e& at Ericsson Middle East and Africa said “Our partnership with e& money  is long-standing with a joint commitment  to revolutionize fintech across the United Arab Emirates. We aim to empower individuals and businesses with secure, efficient, and inclusive financial services. Our Mobile Financial Services platform combine the power of mobile communication and financial services and will provide e& money with the tools needed to elevate its capabilities.”