Ericsson to develop emergency wallet solution for humanitarian support
Ericsson has confirmed that it will develop a new mobile wallet solution for use in emergency situations.
Ericsson has confirmed that it will develop new mobile wallet solution for use in emergency situations where financial infrastructure is lacking.
The company presented its intentions at the World Humanitarian Summit, in support of the United Nations’ Connecting Business Initiative.
The platform, Ericsson Emergency Wallet, will be designed in such a way that it can be deployed in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations, the company said.
The platform will enable the distribution and use of digital funds by relief workers and impacted populations – addressing issues such as safety, expense and traceability that are associated with handling cash.
The solution design and prototyping is co-funded via the Level One Project from the Bill & Melinda Gates Foundation.
Ericsson head of M-Commerce Peter Heuman said: “Ericsson Emergency Wallet builds on our expertise in deploying mobile financial services in emerging markets. The solution enables a method of money transfer that is mobile which allows for a quicker, safer and more cost-effective way for the humanitarian organizations to distribute digital aid in disaster areas.”