SWITZERLAND - Seeing a potential market, Ericsson had decided to go compete in the mobile banking service by relying on a homemade platform.
Platform was named Ericsson Money Services and the new arena will be introducedat Mobile World Congress next few weeks.
Ericsson's launch of new businesses is the result of research and proof of conceptthat has been implemented in Europe and Asia. As part of pembentuan services, Ericsson has developed a service solution end-to-end and the related business andoperational models, to meet the requirements of regulators, law and security, in cooperation with the customer service and innovative companies in the financialsector.
Mobile operators, financial institutions and other service providers, hoping EricssonMoney Services and Money Interconnect Service to expand the money supply in themobile service. They hope that will be connected in real-time, without boundaries, andwithout limit currency.
"A new market has been opened, the consumer banking will take over the phone.They are the people most of whom never had a credit card. People who have neverset foot into a bank now has the opportunity to use a virtual bank. They will alsobenefit form ease of transaction, even to the transfer service, "said Polish Mahjoub,head of Ericsson's Money Services, as quoted by Cellular News, Friday (2/4/2011).
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