Ericsson Money Services has launched the first of a number of new mobile money services, Ericsson Money, across seven European countries. Mobile phone users in the UK, France, Germany, Italy, Spain, Poland and Sweden can sign up from today atÂ www.ericssonmoney.com to send and receive money to and from friends and family and withdraw cash. This is the first step toward bringing aÂ full suite of convenient, cost-efficient, secure and instant mobile financial services to consumers globally.
As money transfers become more like mobile communication, our mobile phones willÂ become central to not only our social lives, but also our financial lives. AfterÂ easily creating a safe and secure mobile wallet online, users will be ableÂ access their money safely from the Ericsson Money network through their phones.
Ericsson Money today enables people to send and receive money instantly andÂ withdraw cash – such as parents to their children at university or on theirÂ travels using the handset as the access point to their personal mobile wallet.
Transferring money to family and friends who are just around the corner, at aÂ cafe, or even in a different country will now be as quick and easyÂ as sending a text message.
For consumers, the services will offer greater freedom of choice, access toÂ money and a faster and more convenient way to share money with friends andÂ family. People who can benefit immediately include:
- Families: parents can send money to their children away atÂ university, on holiday or on a gap year
- Social sharers: people can conveniently share the cost of a meal,Â settle small debts and transfer money between friends and family
- Cash-only consumers: consumers used to transacting only with cashÂ can take a first step into banking
- Non-domestic workers: overseas workers can send money home toÂ their families without having to use postal or personal cash transfers, whichÂ are often time-intensive.
Ericsson Money Services plans to make Ericsson Money available to the rest ofÂ Europe soon. In the near future Â consumers will be able to connect with otherÂ similar services globally (via Ericsson Money Interconnect), making sendingÂ money as quick, easy and natural as sending a text message a reality for peopleÂ around the world.
Before too long, it will be possible to make secure bill payments, shop onlineÂ and pay in retail stores instantly through Ericsson.
Semir Mahjoub, Ericsson Vice President and President of Ericsson Money Services, says:
“Ever since mobile phones went mainstream they have become the backbone of our social lives. We text, we tweet, we instant message, we connectÂ via social networks for millions of hours per month. For many people today,Â accessing information and services on the mobile is as instinctive as taking theÂ next breath.Â To Ericsson, it’s logical that as connected consumers in everyÂ other part of our lives we should have the same freedom of choice, access and
availability in our financial lives. Simply having a friend’s phoneÂ number, irrespective of where he or she is in the world, will open up access toÂ financial services and mobile money in a new way. It’s an exciting timeÂ for a new industry and we are really looking forward to accelerating the pace atÂ which individuals around the world can benefit from globally connected moneyÂ services in their everyday lives by making money transfer more like mobileÂ communication”.