Mobily has launched Mobily Pay in partnership with Ericsson providing contactless payments, money transfers, international remittance, digital card payments, cash-back, bill payments and mobile top-up.
Mobily made the announcement at Leap23, the international technical conference in Riyadh from February 6 to 9, of which it is the leading digital partner.
As per the agreement signed last year between Mobily and Ericsson, Mobily Pay is built on the Ericsson Wallet Platform, a fintech platform that provides secure, simple, functional, and relevant financial management by delivering easy-to-use financial services to Mobily’s customers.
Fast adoption
Ayman Abdullah AlEissa, Chief Executive Officer at Mobily Pay says: “Mobily Pay is live and we have already witnessed its fast adoption in the Saudi market. It will improve the lives of Mobily Pay users by making financial services personalised, quick, secure, and easy for everyone. Deploying the Ericsson Wallet Platform solution, Mobily is actively contributing to the Digital Transformation Vision in line with Saudi Vision 2030 by advancing from cash to a cashless digital transactions society.”
As part of this partnership, Ericsson will also evolve and enhance the Mobily Pay platform with futuristic roadmap leading to a full-service Digital services and Financial capabilities supported by smooth operations and maintenance with managed services for the fintech solution.
Ekow Nelson, Vice President at Ericsson Middle East and Africa says: “This is a step-change in the evolution of the Ericsson Wallet Platform that enhances Mobily Pay’s contribution to the introduction of innovative financial services for its consumers, anytime, anywhere. The launch of Mobily Pay will enhance the kingdom’s move towards digital transformation.”
At present, more than 342 million people worldwide currently use Ericsson Wallet Platform solutions delivered by communications service providers and processes over 2.6 billion transactions every month.