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Huawei Moves into the Mobile Banking Market

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Huawei has announced the launch of a stand alone Mobile Money (MM) solution as the company seeks to tap into the growing demand for mobile banking services.

The software offers a range of services, from mobile banking and payments to a mobile commerce service.

Huawei has already deployed mobile money services with Vodafone, as the M-Pesa supplier in a number of countries.

"Mobile financial services are a blue ocean market. We believe in reliability, high performance, fast integration capabilities, flexible business processing and safe and convenient user access as key factors for CSPs to successfully establish a competitive advantage in this ecosystem. We are confident that our MM solution is an ideal opportunity for us to work with CSPs to create a win-win ecosystem in the digital economy", said Mr. Tang Jie, Director of Huawei Revenue Management Consulting in a statement.

Other than that they have launched the product, no other details were on offer at the moment.

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Tags: huawei