Nokia Siemens Networks grows its mobile solutions capabilities with a partnership with mobile commerce specialist, MoreMagic.

The companies announced the partnership at Mobile World Congress in Barcelona and have jointly developed “Mobile Payment Solution”, which enables the delivery of a range of services including money transfer, mobile banking, mobile payments as well as near field communications (NFC).

Rick Centeno, head of charging, billing and care at Nokia Siemens Networks, said: “We are very excited about the growth in the mobile payments space in general and about mobile money and NFC payments in particular. Our partnership with MoreMagic provides us with a flexible architecture that integrates very well with our flagship products. The combination of MoreMagic solutions with Nokia Siemens Networks’ integrated Subscriber Data Management, Identity Management and Unified Charging provides a comprehensive set of Mobile Payment Solutions in this innovative market segment.”

The joint Mobile Payment Solution interconnects consumers, mobile operators, financial institutions, retailers, agents and other members of the mobile commerce and financial services value chain to enable seamless monetary transactions. This is an ideal solution for emerging markets where the industry has already seen mobile money uptake.

Nokia Siemens Networks is trialing mobile payment solutions in Libya with Libya Post, Telecommunications and Information Technology Holding Company in collaboration with Madar and Libyana, the two leading mobile operators in Libya. The Project which is set to run over a period of four months, will provide customers with easy, secure and convenient access to basic financial services which has previously been enjoyed only by a small percentage of the population and access to NFC proximity payments for purchasing anywhere at anytime.

Matthew_Whalley

Edel_telecom

 

Advertisements