Ericsson supports Tigo Mobile Wallet introduction in Senegal

Millicom's Tigo has commercially and operationally put Ericsson Wallet Platform in service to deliver Tigo Cash mobile financial services in West Africa
Tigo offers the ability to make payments, store, transfer and withdraw money using a mobile device

Ericsson (NASDAQ:ERIC) today announced that Tigo Senegal has launched Tigo Cash service based on the Ericsson Wallet Platform Solution. The rollout brings simple, mobile financial services to Tigo Senegal's subscribers throughout West Africa, including those who do not have access to traditional banking services. Ericsson Wallet Platform supports the launch of services that makes sending money as easy as sending a text and receiving money as simple as answering a phone call.

Tigo, which is owned by Millicom Group, is aiming for Tigo Cash to become the preferred payment method in Senegal. Continued uptake of the service supports key objectives around boosting customer loyalty, developing new revenue opportunities, improving subscriber satisfaction and reducing churn.

Diego Camberos, Managing Director of Millicom (Tigo) in Senegal, says: "Mobile financial services are highly important to our subscribers and to drive continued success, it was important for us to speed up an easy to use, secure and reliable offering to market. Ericsson has been an important partner for us in launching Tigo Cash to our entire subscriber base, ensuring that we're able to scale to meet the high demand we anticipate as sign-ups continue to increase."

Ericsson Wallet Platform is part of Ericsson M-Commerce portfolio available for mobile operators as well as financial institutions, used to deploy mobile money services that subscribers use to make payments, store, transfer and withdraw money. The Ericsson Wallet Platform is built on a highly secured, real-time platform with open API's, integrated security and functionality to meet local compliance rules and regulations.

Peter Heuman, VP, Head of M-Commerce, Ericsson, says: "Ericsson is helping Tigo and its partners make mobile money for the unbanked and underserved a reality in West Africa. Beyond this important deployment, we continue to work with operators and financial institutions globally to support the fast rollout of mobile financial services that transform how local businesses interact with customers, and provide a safer way to store, send and receive money."

Ericsson provides professional services such as business planning, compliance, integration and process consulting from its Global Competence Hub and the Global Service Centers located around the world. Ericsson forms strategic m-commerce partnerships with its customers to support the complete life cycle of mobile financial services, establish new business models and build value together to evolve our society, locally and globally.

Ericsson is driving the second generation of mobile commerce development by connecting banks, money transfer organizations, mobile payment and mobile wallet service providers. Ericsson is focused on forming a more flexible and transparent financial ecosystem that makes it easier for mobile operators, financial institutions and other service providers to quickly launch mobile financial services and realize a shorter time to revenue.

NOTES TO EDITORS

For more information about Ericsson m-commerce solutions, visit:
Ericsson M-commerce portfolio
Open Money

Download high-resolution photos and broadcast-quality video at www.ericsson.com/press

Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, businesses and societies to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband and the cloud- are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With more than 110,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on Nasdaq OMX stock exchange in Stockholm and the NASDAQ in New York.

www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericsson

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com

Tigo Senegal Mobile Wallet


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via Globenewswire
HUG#1870647