Prnewswire·2026-02-18 05:27Core Insights - Ericsson and Mastercard have announced a collaboration to enhance global digital money movement and financial inclusion, particularly targeting unbanked and underbanked communities [1] - The integration of Ericsson's Fintech Platform with Mastercard Move aims to simplify access to advanced money movement solutions for telecom service providers, banks, and fintechs [1] Group 1: Collaboration Details - The collaboration will empower telecom service providers, banks, and fintechs to expand digital wallet capabilities and launch new payment services [1] - Ericsson's pre-integrated APIs and cloud-native infrastructure will reduce technology complexity and lower operational barriers, accelerating time to market for new payment services [1] - The partnership is expected to create new revenue streams and strengthen digital ecosystems across both emerging and developed markets [1] Group 2: Financial Inclusion Focus - Financial inclusion and accessibility are key focuses, with Mastercard Move enabling money movement across 200 countries and territories, connecting over 17 billion endpoints and supporting transactions in 150 currencies [1] - Ericsson's fintech platform operates in 22 countries, serving over 120 million active users and processing more than 4 billion transactions monthly across various services [1] - The global rollout will begin in the Middle East and Africa, where there is strong demand for mobile money and interoperable payment services [1] Group 3: Leadership Statements - Pratik Khowala from Mastercard emphasized that the integration opens new pathways for telecom operators and financial institutions to scale innovative payment services and reach underserved communities [1] - Pavan Bachwal from Ericsson highlighted that the collaboration marks a significant step toward the future of money movement, driving financial inclusion and creating new growth opportunities globally [1]