New Collaboration Integrates Ericsson Fintech Platform with Mastercard Move to Simplify Money Movement for Service Providers

New Collaboration Integrates Ericsson Fintech Platform with Mastercard Move to Simplify Money Movement for Service Providers

(IN BRIEF) Ericsson and Mastercard have partnered to integrate Ericsson’s Mobile Financial Services platform with Mastercard Move, creating a unified framework for digital payments and money transfers. The collaboration is designed to simplify access to advanced payment technologies for telecom providers, fintechs, and banks, enabling faster service deployment while promoting financial inclusion. The initiative will initially focus on the Middle East and Africa and aims to expand participation in the digital economy by reaching underserved populations.

(PRESS RELEASE) STOCKHOLM, 19-Feb-2026 — /EuropaWire/ — Ericsson and Mastercard have announced a strategic collaboration aimed at modernizing global money movement by combining Ericsson’s Mobile Financial Services platform with Mastercard Move, Mastercard’s suite of payment and transfer solutions.

The integration will enable telecom operators, banks, and fintech providers to more easily introduce and scale digital wallet services, payment capabilities, and cross-border transfer solutions. By leveraging Ericsson’s cloud-native infrastructure, pre-integrated APIs, and compliance-ready architecture, organizations will be able to connect to Mastercard Move with reduced technical complexity and faster deployment timelines.

The joint approach is intended to streamline integration and operational processes while accelerating the rollout of new financial services. By simplifying deployment and regulatory alignment, the collaboration seeks to lower barriers for service providers and support innovation across both emerging and mature markets.

A central focus of the initiative is expanding access to financial services for unbanked and underbanked populations. Mastercard Move supports transactions across more than 200 countries and territories, connecting billions of endpoints and enabling transfers in 150 currencies, while Ericsson’s fintech platform currently operates in 22 countries, serving over 120 million active users and processing billions of transactions each month across payments, remittances, lending, and loyalty services.

The partnership aims to strengthen digital financial ecosystems by allowing service providers to introduce new revenue-generating offerings while broadening participation in the digital economy. Initial rollout efforts will focus on the Middle East and Africa, regions where demand for mobile money, remittance services, and interoperable payment systems continues to grow.

Pratik Khowala, Global Head of Transfer Solutions at Mastercard, said the collaboration will help payment providers deliver faster, secure, and transparent transfer experiences while expanding access to innovative services for underserved communities. Pavan Bachwal, Head of Mobile Financial Services at Ericsson, added that combining Ericsson’s scalable platform with Mastercard Move will enable customers to launch secure payment solutions more rapidly and drive greater financial inclusion worldwide.

ABOUT ERICSSON:
Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

ABOUT MASTERCARD:
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. www.mastercard.com

Media Contact:

Mastercard:

Giang Nguyen
Giang.Nguyen@mastercard.com

Ericsson:

media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

SOURCE: Ericsson