{"id":104572,"date":"2026-02-23T12:03:46","date_gmt":"2026-02-23T08:03:46","guid":{"rendered":"https:\/\/techxmedia.com\/en\/?p=104572"},"modified":"2026-03-07T10:10:22","modified_gmt":"2026-03-07T06:10:22","slug":"ericsson-mastercard-partner-to-boost-digital-wallets","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/ericsson-mastercard-partner-to-boost-digital-wallets\/","title":{"rendered":"Ericsson, Mastercard Partner to Boost Digital Wallets"},"content":{"rendered":"\n

Ericsson<\/a> and Mastercard have announced a collaboration to reshape how money moves worldwide. The partnership integrates the Ericsson Fintech Platform with Mastercard Move, enhancing digital<\/a> wallet capabilities.<\/p>\n\n\n\n

The move will empower telecom providers, banks, and fintechs to launch new payment services. It also aims to reach unbanked and underbanked communities.<\/p>\n\n\n\n

Ericsson\u2019s pre-integrated APIs, cloud-native deployment, and compliance-ready infrastructure simplify fintech connectivity to Mastercard Move. This reduces technology complexity, lowers operational barriers, and accelerates the launch of new services.<\/p>\n\n\n\n

The collaboration is designed to transform how financial services are built, delivered, and scaled. It creates new revenue streams and strengthens digital ecosystems in both emerging and developed markets.<\/p>\n\n\n\n

Financial inclusion and accessibility remain key focuses. Mastercard Move operates across 200 countries and territories, connecting over 17 billion endpoints and supporting transactions in 150 currencies.<\/p>\n\n\n\n

Ericsson\u2019s fintech platform serves 22 countries, with more than 120 million active users. It processes over 4 billion transactions monthly, covering digital wallets, payments, remittances, lending, and loyalty services, all with enterprise-grade security.<\/p>\n\n\n\n

The integration of Mastercard Move into Ericsson\u2019s platform aims to accelerate digital payment adoption. The rollout will begin in the Middle East and Africa, where demand for mobile money and interoperable payments is high.<\/p>\n\n\n\n

Pratik Khowala, Global Head of Transfer Solutions at Mastercard, said the partnership opens new pathways for telecom operators, financial institutions, and fintechs. It helps scale innovative payment services, reach underserved communities, and unlock revenue streams.<\/p>\n\n\n\n

Pavan Bachwal, Head of Mobile Financial Services at Ericsson, said the collaboration is a bold step toward the future of money movement. Combining Ericsson\u2019s platform with Mastercard Move enables secure, efficient, and fast payment solutions globally.<\/p>\n\n\n\n

This partnership strengthens financial inclusion, accelerates innovation, and creates new opportunities. Ultimately, it is set to expand digital wallet adoption across the globe.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ericsson and Mastercard have announced a collaboration to reshape how […]<\/p>\n","protected":false},"author":40,"featured_media":104579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9639,9621],"tags":[1051],"contributor":[9732],"class_list":["post-104572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-and-finance","category-emerging-technologies","tag-vendors","contributor-news-desk"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2026\/02\/digital-wallet.jpg-1.jpeg","author_info":{"display_name":"Techx Admin","author_link":"https:\/\/techxmedia.com\/en\/author\/techxadmin\/"},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t