Ericsson and MTN have extended their Mobile Money partnership with the launch of an open API platform in Ghana. This will give entrepreneurs an opportunity to develop revenue-generating applications. As part of the new agreement, MTN will grant access to third parties to its Mobile API powered by Ericsson's Wallet Platform.
This will enable developers and programmers to get free access to MTN's proprietary software platform. Developers can now access it and create products that ease payment options and leverage the MTN clients registered on Mobile Money.
The MTN Mobile Money API can be accessed online too. This saves time previously spent on submitting paperwork and a lengthy standard integration. The online system also allows developers to test their products before going live, by using a sandbox available on the website at no additional cost.
Fadi Pharoan, the president of Ericsson Middle East and Africa says “The ease to send, spend and receive money using a mobile phone is becoming an essential part of people’s lives. Our new partnership with MTN in Ghana aims to develop a more open, easy and accessible mobile money network. Ericsson is driving this change of making Mobile money more open by collaborating with MTN to advance secure, flexible platforms that help build an interconnected and transparent financial ecosystem.”