Swedish multinational company Ericsson has signed a multi-year collaboration deal with digital platform provider Trriple to deliver managed mobile wallet solutions for the UAE’s banking and smart city sectors.
Through this partnership, the companies will supports the country’s Smart Government initiative, which aims to make over 2,000 government services available via smart platforms such as mobile devices.
Go deeper with GlobalData
Commenting on the partnership, Ericsson head of M-Commerce Peter Heuman said: "Today’s business environment is driven by change, with broadband, mobility and cloud reshaping value chains, digitalizing business models and creating possibilities that were previously unimaginable. A part of this change, mobile financial services is becoming a key economic differentiator and a main driver in today’s world.
"Our partnership with Trriple will allow us to leverage on mobile financial services for consumers, and the UAE’s banking and smart city sectors."
Trriple’s digital platform addresses the entire value chain of UAE’s mobile financial services sector. The company has created a banking-centric mobile wallet solution that conforms to its banking partners’ guidelines.
Ericsson said that its Ericsson Wallet Platform will enhance Trriple services by integrating and managing an open platform that allows users to store, transfer and withdraw money using a mobile device.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataEricsson Wallet Platform, which is part of the Ericsson M-Commerce portfolio, makes sending money as easy as sending a text and receiving money as simple as answering a phone call.
Trriple co-founder & COO Abdirizak Ibrahim Salah said: "Trriple is as committed as Ericsson to providing the UAE and the Gulf region with a first-of-its-kind, next-generation mobile wallet platform that enables secure and convenient everyday payments, saving consumers time and money with a special focus on financial inclusion for the unbanked.
"In line with the UAE’s vision for smart and sustainable cities, Trriple is looking forward to launching by the end of 2016 and continuing to grow with Ericsson in the region and beyond."
