& cplSiteName &

Huawei Launches Mobile Money Portfolio

Light Reading
News Wire Feed
Light Reading
6/6/2014
50%
50%

NICE, France -- Huawei, a leading global information and communications technology (ICT) solutions provider, today announced the launch of its Mobile Money (MM) solution at the Digital Telco Forum, a Huawei-hosted seminar attended by global operators and TMF, in Nice, France. The highly flexible and reliable MM solution enables the development of a robust mobile financial ecosystem for global operators which is compatible with all types of mobile phones and can easily be integrated with Huawei partner IT systems.

With the advent of mobile Internet and e-commerce, mobile financial services have flourished by providing users with convenience, efficiency and a truly real-time experience. It is predicted that by the end of 2016, there will be 448 million mobile money users with a transaction volume exceeding 620 billion.

Huawei has long been committed to focusing on developing mobile financial solutions. Indicative of that commitment, Huawei has conducted thorough research and analysis of the unique value and competitive advantages of Communication Service Providers (CSPs). Huawei's innovative MM solution enables CSPs to create an open ecosystem in the mobile financial arena which consists of the following three major sub-solutions:

  • Mobile banking solution: For markets where there are not enough bank branches to meet local demand, CSPs can utilize existing business channels and service outlets to provide convenient mobile transfers, access to cash, and domestic and international remittance services.
  • Mobile payment solution: CSPs can utilize open payment platform compatible with a wide range of banks and merchants that creates a vast payment network system for customers and businesses, providing convenient remote and near field communication (NFC) payment services.
  • Mobile market solution: CSPs can utilize a future-oriented mobile commerce platform to provide commodity catalogues, shopping guides, commodity promotion and advertising services.

    "Mobile financial services are a blue ocean market. We believe in reliability, high performance, fast integration capabilities, flexible business processing and safe and convenient user access as key factors for CSPs to successfully establish a competitive advantage in this ecosystem. We are confident that our MM solution is an ideal opportunity for us to work with CSPs to create a win-win ecosystem in the digital economy", said Mr. Tang Jie, Director of Huawei Revenue Management Consulting.

    As Huawei's top strategic innovative solution, the Mobile Money solution was first recognized by the Vodafone Group in November 2012 when it signed a strategic cooperation framework agreement with Huawei to offer M-PESA services for its 13 subnets. The Romania subnet was the first subnet to officially launch the M-PESA commercially on March 31, 2014.

    Huawei Technologies Co. Ltd.

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
    Flash Poll
    Upcoming Live Events
    June 26, 2018, Nice, France
    September 12, 2018, Los Angeles, CA
    September 24-26, 2018, Westin Westminster, Denver
    October 9, 2018, The Westin Times Square, New York
    October 17, 2018, Chicago, Illinois
    October 23, 2018, Georgia World Congress Centre, Atlanta, GA
    November 7-8, 2018, London, United Kingdom
    November 8, 2018, The Montcalm by Marble Arch, London
    November 15, 2018, The Westin Times Square, New York
    December 4-6, 2018, Lisbon, Portugal
    All Upcoming Live Events
    Hot Topics
    NFV Is Down but Not Out
    Iain Morris, News Editor, 5/22/2018
    Trump Denies ZTE Deal, Faces Senate Backlash
    Dan Jones, Mobile Editor, 5/22/2018
    What VeloCloud Cost VMware
    Phil Harvey, US News Editor, 5/21/2018
    5G in the USA: A Post-BCE Update
    Dan Jones, Mobile Editor, 5/23/2018
    Vanquished in Video, Verizon Admits OTT Defeat
    Mari Silbey, Senior Editor, Cable/Video, 5/23/2018
    Animals with Phones
    Live Digital Audio

    A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

    Like Us on Facebook
    Twitter Feed