STOCKHOLM -- Ericsson(NASDAQ:ERIC) today announced that MTN Rwanda has deployed its Converged Wallet m-commerce solution. The launch brings easy-to-use, next-generation mobile financial services to MTN Rwanda's subscribers, including mobile phone users that do not have access to traditional banking services. Ericsson is providing the operator with a flexible, reliable and efficient m-commerce solution that includes Ericsson Converged Wallet, systems integration and operational support.

"Optimizing the mobile money experience directly impacts consumer stickiness and with Ericsson Converged Wallet, we can now respond rapidly to requirements from consumers and merchants and provide reliable services. Paying your bill or sending money to family and friends has never been easier" said Pieter Verkade, MTN Group Chief Commercial Officer.

Ericsson Converged Wallet enables MTN Rwanda to quickly introduce relevant, new and differentiated mobile wallet end-user services to its mobile money customers. With Ericsson Converged Wallet, MTN can seamlessly launch new offers and bundles that integrate telecom prepaid services with mobile money services.

"Ericsson Converged Wallet helps MTN Rwanda offer the convenience of m-wallet financial services across its entire subscriber base," said Bjorn Engstrom, Head of M-commerce, Ericsson. "This breakthrough deployment is yet another example of MTN's ongoing commitment to innovation and customer satisfaction."

Ericsson has a strategic partnership with MTN Rwanda parent company, MTN Group (JSE: MTN), to ultimately introduce Ericsson Converged Wallet across the operator's footprint. MTN Group has more than thirteen million mobile money subscribers throughout 14 countries in Africa.

Ericsson AB (Nasdaq: ERIC)