Ericsson and Mastercard have announced a new collaboration aimed at transforming the way money moves around the world. By integrating the Ericsson Digital Financial Services platform with Mastercard Move, telecommunications providers, banks, and financial institutions will be able to expand digital wallet capabilities, launch innovative payment services, and reach unbanked and underbanked communities.
This partnership reflects the accelerating global demand for seamless, secure, and scalable digital payment solutions across both emerging and developed markets.
Simplifying Integration and Accelerating Innovation
Ericsson’s platform offers ready-to-deploy APIs, full cloud-native deployment, and infrastructure aligned with regulatory requirements. This enables fast and seamless integration with Mastercard Move.
The combined solution reduces technical complexity, lowers operational barriers, and shortens time-to-market for new financial services. As a result, service providers can innovate faster while maintaining high levels of security and compliance.
Expanding Financial Inclusion Worldwide
Financial inclusion sits at the core of this collaboration. Mastercard Move enables users to transfer money across more than 200 countries and territories, connecting over 17 billion endpoints and supporting transactions in more than 150 currencies.
Meanwhile, Ericsson’s Digital Financial Services platform operates in 22 countries, serves over 120 million active users, and processes more than 4 billion transactions monthly. These include digital wallets, payments, remittances, lending services, and loyalty programs, all supported by enterprise-grade security.
Together, the two companies aim to accelerate digital payment adoption and broaden participation in the digital economy for individuals and businesses alike.
Initial Focus on the Middle East and Africa
The global rollout of the partnership will begin in the Middle East and Africa, where demand for mobile money, remittances, and interoperable payment services continues to grow rapidly.
By combining Ericsson’s scalable and trusted financial services infrastructure with Mastercard’s global money movement capabilities, the partnership is positioned to strengthen digital ecosystems and unlock new revenue streams in high-growth markets.
Executive Perspectives
Pratikha Kowala, Global Head of Transfer Solutions at Mastercard, stated that Mastercard Move empowers payment providers to shape the future of money movement by delivering fast, secure, and transparent transfers worldwide. She noted that integration with Ericsson opens new pathways for telecom operators and financial institutions to launch innovative payment services, reach underserved communities, and generate new revenue streams while meeting rising cross-border payment demand.
Pavan Bachoowal, Head of Mobile Financial Services at Ericsson, described the partnership as a bold step toward the future of money movement. He emphasized that integrating Ericsson’s scalable and trusted platform with Mastercard Move enables customers to deploy secure and efficient payment solutions at speed, while driving financial inclusion and unlocking global growth opportunities.
Driving the Future of Digital Finance
The collaboration between Ericsson and Mastercard represents a significant advancement in digital financial infrastructure. By combining global payment reach with scalable mobile financial services technology, the partnership aims to create a more connected, inclusive, and innovative global digital economy.
