Light Reading
Huawei launches mobile money solution to enable service providers' entry into financial services.

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
    Flash Poll
    LRTV Huawei Video Resource Center
    The Inaugural Optical Innovation Forum in Nice

    9|2|14   |     |   (0) comments


    More than 170 attendees from network operators, service providers, analyst firms, and component companies from around the world convened in Nice in June for the inaugural Optical Innovation Forum, co-produced by Huawei and Light Reading.
    Wagner’s Ring
    Data Centers Drive Telcos Into the Future

    8|28|14   |   2:20   |   (2) comments


    Data centers are at the heart of key trends driving telecom -- network virtualization, the drive for increased agility, and the need to compete with OTT providers.
    LRTV Custom TV
    Why SPs Should Consider Cisco's EPN

    8|27|14   |   5:40   |   (0) comments


    Sultan Dawood from Cisco discusses Cisco's EPN, which enables SPs to build agile and programmable networks delivering new network virtualized services using Cisco's Evolved Services Platform (ESP).
    LRTV Huawei Video Resource Center
    Huawei’s Showcase @ Big Telecom Event 2014

    8|26|14   |   2.56   |   (0) comments


    SoftCOM is Huawei's framework for telecom business and network transformation. Haofei Liu, Solution Marketing Manager, Carrier Business Group, Huawei, showcases Huawei's SoftCOM architecture in this video.
    LRTV Huawei Video Resource Center
    Huawei @ BTE 2014: Director of Integrated Solutions on SoftCOM & NFV Monetization

    8|26|14   |   4.43   |   (0) comments


    Libin Dai, Director of Integrated Solutions, Carrier Business Group, discusses Huawei's SoftCOM and NFV monetization. Huawei believes that NFV monetization should be service-driven rather than network-driven, and that operators should have network transformation, service transformation and a compatible and collaborative ecosystem in place in order to deploy NFV.
    LRTV Huawei Video Resource Center
    Huawei @ BTE 2014: Director of US NFV Lab on CloudEdge & the Future of NFV

    8|26|14   |   4.06   |   (0) comments


    Sean Chen, Director of US NFV Lab at Huawei, discusses Huawei's new approach to NFV in open collaboration. Huawei believes that through Proof of Concept tests, it could help operators learn and communicate with the industry more effectively. Sean believes that successful implementation of NFV should have its values reaching to end users and discusses how Huawei's ...
    LRTV Huawei Video Resource Center
    Huawei's Highlights @ Big Telecom Event 2014

    8|26|14   |   3.34   |   (0) comments


    At the Big Telecom Event in Chicago Huawei showcases its high-level strategy, the SoftCOM architecture, which helps operators reduce the cost of ownership of their network infrastructure and generate additional revenue in the ICT service environment. Huawei showcases over 30 pilot programs from across the globe, focusing on the industry-leading commercial ...
    LRTV Custom TV
    VeEX – Live from the Show

    8|21|14   |   5:58   |   (0) comments


    An overview of VeEX Test and Measurement solutions including TX300S multi-service test set with VeExpress cloud-based management system, UX400 universal modular platform supporting 100G testing, and the redesigned RXT modular platform.
    LRTV Custom TV
    Transitioning CE 2.0 Networks Into the SDN & NFV Era With Telco Systems

    8|19|14   |   5:19   |   (0) comments


    Telco Systems' Ariel Efrati (CEO) and Moshe Shimon (VP of Product Management) discuss virtualization and how the company's new Open Metro Edge solution utilizes the SDN and NFV concepts to accelerate and orchestrate service delivery through its innovative product portfolio and software applications.
    LRTV Custom TV
    NFV Myths: Is NFV Still Several Years Away?

    8|11|14   |   1:13   |   (0) comments


    Some say that NFV (network functions virtualization) is still several years away from being implemented on mobile operator networks. This isn't the case. Operators can get started on their paths to NFV now, as this short video from Skyfire shows.
    LRTV Custom TV
    A New Security Paradigm in SDN/NFV

    7|28|14   |   02:54   |   (0) comments


    Paul Shaneck, Global Director Network Solutions for Symantec, discusses the evolving virtualized network, explaining how Symantec is leading the security discussion as it relates to SDN and NFV, and helping to ensure the network is protected and compliant.
    LRTV Documentaries
    Sprint's Network Evolution

    7|24|14   |   14:59   |   (0) comments


    Sprint's Jay Bluhm gives a keynote speech at the Big Telecom Event (BTE) about Sprint's network and services evolution strategy, including Spark.
    Upcoming Live Events!!
    September 16, 2014, Santa Clara, CA
    September 16, 2014, Santa Clara, CA
    September 23, 2014, Denver, CO
    October 29, 2014, New York City
    November 6, 2014, Santa Clara
    November 11, 2014, Atlanta, GA
    December 9-10, 2014, Reykjavik, Iceland
    June 9-10, 2015, Chicago, IL
    Infographics
    A survey conducted by Vasona Networks suggests that 72% of mobile users expect good performance all the time, and they'll blame the network operator when it's not up to par.
    Today's Cartoon
    Hot Topics
    Rogers, Shaw Take Aim at Netflix
    Mari Silbey, Independent Technology Editor, 8/26/2014
    Utilities to Pump $11.2B Into Smart Grid – Study
    Jason Meyers, Senior Editor, Utility Communications/IoT, 8/26/2014
    Verizon Launches QR Code Security Solution
    Carol Wilson, Editor-at-large, 8/26/2014
    Nokia's Maps Land on Samsung Devices
    Sarah Reedy, Senior Editor, 8/29/2014
    Verizon to Launch HD VoLTE in 'Coming Weeks'
    Sarah Reedy, Senior Editor, 8/26/2014
    Like Us on Facebook
    Twitter Feed