Mobily, has announced the launch of Mobily Pay recently in the Kingdom of Saudi Arabia. Mobily Pay is a mobile financial service that is available to all the users in the Kingdom to conduct personalized financial services like contactless payments, money transfers, international remittance, digital card payments, cash-back, bill payments, mobile top-up, and more, securely and at their convenience.
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.
This 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.
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans the business areas Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses.
Etihad Etisalat (Mobily) is a Saudi company established in 2004. The Company’s major shareholders are Etisalat Emirates Group (27.99%) and the General Organization for Social Insurance (6.90%). The remaining shares are owned by institutional and retail investors. Mobily provides integrated services for three main sectors, namely individuals, business, and carriers. It has one of the largest wireless networks by coverage in Saudi Arabia, as well as the region, and one of the widest FTTH networks, in addition to one of the largest data center systems worldwide.